If the Target Inflation Rate Is 3 Percent and the Actual

question 10

Multiple Choice

If the target inflation rate is 3 percent and the actual rate of inflation falls below the target rate,

• A)the AD curve will shift to the left.
• B)the AD curve will shift to the right.
• C)there will be an upward movement along the AD curve.
• D)there will be a downward movement along the AD curve.
• E)the AD will not shift, nor will there be a movement along the AD curve.

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