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.
7 answers
D. Movement down along
Real GDP levels of all the nation's major trading partners have declined.
B. Shifts to left
There has been a decline in the foreign exchange value of the nation's currency.
A. Shifts to right
The price level has increased this year.
B. Shifts to left