Figure 8-2 Price Level (P) NO I I A ♂ D AD₂ Q, Real GDP (Q) Refer to Figure 8-2. A shift in aggregate demand from AD₁ to AD2 could have been the result of O a decrease in the price level. O an increase in the price level. O a decrease in interest rates (which was not prompted by a change in the price level). O an increase in interest rates (which was not prompted by a change in the price level).

Figure 8-2 Price Level (P) NO I I A ♂ D AD₂ Q, Real GDP (Q) Refer to Figure 8-2. A shift in aggregate demand from AD₁ to AD2 could have been the result of O a decrease in the price level. O an increase in the price level. O a decrease in interest rates (which was not prompted by a change in the price level). O an increase in interest rates (which was not prompted by a change in the price level).

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter33: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 4CQQ

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