FIGURE 6-2 Price Level Ꭰ S Х S D Domestic Product 17. In Figure 6-2, if the aggregate demand curve shifts inward over time, the economy will a. experience inflation. b. see a sustained increase in the price level. c. experience a significant decrease in unemployment. d. experience economic recession.

Economics:
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ISBN:9781285859460
Author:BOYES, William
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Chapter8: Macroeconomic Equilibrium: Aggregate Demand And Supply
Section: Chapter Questions
Problem 13E
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Price Level
S
Ꭰ
FIGURE 6-2
D
S
Domestic Product
17. In Figure 6-2, if the aggregate demand curve shifts inward over time, the economy will
a. experience inflation.
b. see a sustained increase in the price level.
c. experience a significant decrease in unemployment.
d. experience economic recession.
Transcribed Image Text:Price Level S Ꭰ FIGURE 6-2 D S Domestic Product 17. In Figure 6-2, if the aggregate demand curve shifts inward over time, the economy will a. experience inflation. b. see a sustained increase in the price level. c. experience a significant decrease in unemployment. d. experience economic recession.
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