Question
From the list below, match the letter of the outcome each of the following events produces upon the AD curve
.
A. Shifts to right
B. Shifts to left
C. Movement up along
D. Movement down along
Deflation has occurred during the past year.
.
A. Shifts to right
B. Shifts to left
C. Movement up along
D. Movement down along
Deflation has occurred during the past year.
Answers
Bot
D. Movement down along
111
Real GDP levels of all the nation's major trading partners have declined.
Bot
B. Shifts to left
111
There has been a decline in the foreign exchange value of the nation's currency.
Bot
A. Shifts to right
111
The price level has increased this year.
Bot
B. Shifts to left