How Does an Economic Contraction That Is Caused by a Shift

question 95

Multiple Choice

How does an economic contraction that is caused by a shift in aggregate demand remedy itself over time?

• A) The expected price level rises, shifting aggregate demand right.
• B) The expected price level rises, shifting aggregate demand left.
• C) The expected price level falls, shifting aggregate supply right.
• D) The expected price level falls, shifting aggregate supply left.

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