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Only a Change in the Price Level Can Cause Shifts

question 30

True/False

Only a change in the price level can cause shifts in both the aggregate expenditure line and the aggregate demand curve.


Definitions:

Dependent Variable

A variable in a study or model that is expected to change in response to manipulations or changes in another variable, known as the independent variable.

Proficiency Test

A test designed to measure the ability, skill, or knowledge in a particular area or field.

Prediction Interval

A range of values that is likely to include the outcome of a single new observation based on a predictive model or past data.

Proficiency Test

An assessment designed to measure an individual's knowledge or skill in a particular area or discipline.

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