Exhibit 8-3 -Refer to Exhibit 8-3.A Shift in Aggregate Demand from AD₁

question 63

Multiple Choice

Exhibit 8-3
-Refer to Exhibit 8-3.A shift in aggregate demand from AD₁ to AD₂ would have been the result of

• A) a decrease in the price level.
• B) an increase in the price level.
• C) a decrease in interest rates (which was not prompted by a change in the price level).
• D) an increase in interest rates (which was not prompted by a change in the price level).

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Definitions:

Level Of Production

The quantity of goods or services produced within a given period by a company, industry, or country.

Market Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in a market.

Market Share

The portion of a market controlled by a particular company or product.

Revenue

The total amount of money generated by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.