Which of the following statements about the economy's aggregate demand curve is not correct?  Question 7 options: The AD curve will be shifted by AD shocks. The intersection of the AD curve and the SAS curve determines the short-run Macroeconomic equilibrium.  All points on the AD curve relate a particular price level to the total demand for output at that price level. A change in the price level will shift the AD curve.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter20: Aggregate Demand And Supply
Section20.A: The Self Correcting Aggregate Demand And Supply Model
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Which of the following statements about the economy's aggregate demand curve is not correct? 

Question 7 options:

The AD curve will be shifted by AD shocks.


The intersection of the AD curve and the SAS curve determines the short-run Macroeconomic equilibrium. 


All points on the AD curve relate a particular price level to the total demand for output at that price level.


A change in the price level will shift the AD curve. 

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