A Decrease in the Price Level Shifts the ______ Curve

question 11

Multiple Choice

A decrease in the price level shifts the ______ curve to the right, and the aggregate demand curve ______.

• A) IS; shifts to the right
• B) IS; does not shift
• C) LM: shifts to the right
• D) LM; does not shift

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Definitions:

Brain

The organ in the head of humans and other vertebrates responsible for thought, memory, emotion, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.

White

A color that results from the reflection of all the rays of visible light, symbolizing purity or cleanliness in many cultures.

Outermost Layer

The surface layer or the most external layer of an object or structure, such as the epidermis on the human body or the outer layer of a planet.

Eye

The organ of vision that detects light and sends signals through the optic nerve to the brain.