-Suppose That Aggregate Demand Increased from AD₁ to AD₂

question 24

Multiple Choice

-Suppose that aggregate demand increased from AD₁ to AD₂.For the price level to stay constant:

• A)the aggregate supply curve would have to shift rightward
• B)the aggregate supply curve would have to shift leftward
• C)real output would have to remain constant
• D)the aggregate supply curve would have to be vertical
• E)the AS curve would have to be downward-sloping

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Definitions:

Invoice Price

The price at which a seller lists a product for sale to a buyer, often detailed in a purchase invoice.