A rising price level should shift the expenditure schedule a. upward and decrease equilibrium real GDP. b. upward and increase equilibrium real GDP. c. downward and increase equilibrium real GDP. d. downward and decrease equilibrium real GDP.
A rising price level should shift the expenditure schedule a. upward and decrease equilibrium real GDP. b. upward and increase equilibrium real GDP. c. downward and increase equilibrium real GDP. d. downward and decrease equilibrium real GDP.
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 4.8P
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Question
A rising price level should shift the expenditure schedule
a. |
upward and decrease equilibrium real GDP.
|
|
b. |
upward and increase equilibrium real GDP.
|
|
c. |
downward and increase equilibrium real GDP.
|
|
d. |
downward and decrease equilibrium real GDP.
|
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