Which of the following statements about the economy's aggregate demand curve is not correct? 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. OA change in the price level will shift the AD curve. O The AD curve will be shifted by AD shocks.
Which of the following statements about the economy's aggregate demand curve is not correct? 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. OA change in the price level will shift the AD curve. O The AD curve will be shifted by AD shocks.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter10: Dynamic Change, Economic Fluctuations, And The Ad-as Model
Section: Chapter Questions
Problem 12CQ
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