If the Aggregate Supply Curve Shifts Leftward,then _____

question 47

Multiple Choice

If the aggregate supply curve shifts leftward,then _____.

• A)the price level increases and output increases
• B)the resulting increase in the price level is usually called cost-push inflation
• C)the resulting increase in the price level is usually called demand-pull inflation
• D)the price level increases as long as the aggregate demand curve shifts rightward
• E)the price level decreases and output increases

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Definitions:

Real Asset Markets

Markets that deal with physical assets like real estate, commodities, and natural resources, as opposed to financial assets.

TSX

The Toronto Stock Exchange, a major stock exchange in Canada.

Long-term Corporate Bonds

Debt securities issued by corporations with maturities longer than ten years, offering periodic interest payments and the return of principal at maturity.

Risk Level

The degree of uncertainty and potential financial loss involved in an investment decision.