38. Which of the following could have caused a shift of the Aggregate Expenditures curve from AE1 to AE2? a) an increase in the price level b) an increase in the rate of interest c) an increase in government purchases of goods and services d) a contractionary monetary policy

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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QUESTION 38
48 F
44
40
36
32
28
24
20
16
12
8
40
E,Q
4
0 8 16 24 32
40
3.
AE2
AE1
38. Which of the following could have caused a shift of the Aggregate Expenditures curve from AE1 to AE2?
a) an increase in the price level
O b) an increase in the rate of interest
c) an increase in government purchases of goods and services
d) a contractionary monetary policy
Transcribed Image Text:QUESTION 38 48 F 44 40 36 32 28 24 20 16 12 8 40 E,Q 4 0 8 16 24 32 40 3. AE2 AE1 38. Which of the following could have caused a shift of the Aggregate Expenditures curve from AE1 to AE2? a) an increase in the price level O b) an increase in the rate of interest c) an increase in government purchases of goods and services d) a contractionary monetary policy
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