Consider an AS AD diagram. What would happen in the model if Energy prices increased? Group of answer choices a. AD shifts right and prices increase while real GDP increases b. AS shifts left and prices increase while real GDP decreases c. AS shifts right and prices decrease while real GDP increases d. AD shifts left and prices decreases while real GDP decrease
Consider an AS AD diagram. What would happen in the model if Energy prices increased? Group of answer choices a. AD shifts right and prices increase while real GDP increases b. AS shifts left and prices increase while real GDP decreases c. AS shifts right and prices decrease while real GDP increases d. AD shifts left and prices decreases while real GDP decrease
Chapter8: Aggregate Demand And The Powerful Consumer
Section: Chapter Questions
Problem 3DQ
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Consider an AS AD diagram. What would happen in the model if Energy prices increased?
Group of answer choices
a. AD shifts right and prices increase while real GDP increases
b. AS shifts left and prices increase while real GDP decreases
c. AS shifts right and prices decrease while real GDP increases
d. AD shifts left and prices decreases while real GDP decreases
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