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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Question

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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