Asked by
Vizio Television
on Dec 17, 2024Verified
Which of the following events shifts aggregate demand rightward?
A) An increase in government expenditures or a decrease in the price level
B) A decrease in government expenditures or an increase in the price level
C) An increase in government expenditures, but not a change in the price level
D) A decrease in the price level, but not a change in government expenditures
Aggregate Demand
Total economic need for all goods and services within an economy, pegged at a designated price level during a chosen period.
Government Expenditures
The total amount of money spent by the government in a fiscal period, including spending on goods, services, and public projects.
Price Level
An overall average price for the full range of goods and services in the economy.
- Understand the impact of changes in aggregate demand on the economy.
Verified Answer
IS
Learning Objectives
- Understand the impact of changes in aggregate demand on the economy.