Asked by
Vigita Adhikari
on Nov 16, 2024Verified
Which of the following shifts aggregate demand to the left?
A) An increase in the price level
B) An increase in the money supply
C) A decrease in the price level
D) A decrease in the money supply
Aggregate Demand
The overall economic need for goods and services within a specific economic scenario, gauged at a settled price level through a determined time interval.
Money Supply
The total amount of money available in an economy at a specific time, including both physical currency and deposits in bank accounts.
Price Level
An indicator of the mean prices for products and services within the economy.
- Comprehend how shifts in aggregate demand influence the economy.
Verified Answer
TZ
Learning Objectives
- Comprehend how shifts in aggregate demand influence the economy.