An increase in the aggregate price level, P, will most likely have which of the following effects? Select one: a. an upward shift in the LM curve. b. a rightward shift in the IS curve. c. a downward shift in the LM curve. d. a leftward shift in the IS curve

An increase in the aggregate price level, P, will most likely have which of the following effects? Select one: a. an upward shift in the LM curve. b. a rightward shift in the IS curve. c. a downward shift in the LM curve. d. a leftward shift in the IS curve

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Classical Macro Economics And The Self Regulating Economy

Section: Chapter Questions

Problem 18QP

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An increase in the aggregate price level, P, will most likely have which of the following effects?
Select one:
a. an upward shift in the LM curve.
b. a rightward shift in the IS curve.
c. a downward shift in the LM curve.
d. a leftward shift in the IS curve.

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