In the AS-AD model, at a given price level, a decrease in the expected price level shifts: the aggregate demand curve down. the aggregate supply curve down. the aggregate supply curve up. O the aggregate demand curve up.

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter10: Aggregate Demand And Supply
Section10.A: The Self Correcting Aggregate Demand And Supply Model
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In the AS-AD model, at a given price level, a decrease in the expected
price level shifts:
the aggregate demand curve down.
the aggregate supply curve down.
the aggregate supply curve up.
the aggregate demand curve up.
Transcribed Image Text:In the AS-AD model, at a given price level, a decrease in the expected price level shifts: the aggregate demand curve down. the aggregate supply curve down. the aggregate supply curve up. the aggregate demand curve up.
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