If the Aggregate Demand Curve Shifts to the Left in the Short

question 26

Multiple Choice

If the aggregate demand curve shifts to the left in the short run then the long-run equilibrium will be at a:

• A) higher price level and higher level of output.
• B) higher price level and lower level of output.
• C) lower price level and same level of output.
• D) lower price level and lower level of output.

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Definitions:

Thyroid Hormones

Hormones produced by the thyroid gland, including thyroxine (T4) and triiodothyronine (T3), vital for regulating metabolism, growth, and development.

Thymosin

A hormone secreted by the thymus gland, involved in the maturation of T cells, which are critical to the adaptive immune response.

Immune System

A complex network of cells, tissues, and organs that work together to defend the body against infections, diseases, and foreign substances.

ACTH

or Adrenocorticotropic hormone is a hormone produced in the pituitary gland that stimulates the production of cortisol in the adrenal gland.