Question: Consider a simple macro model with a given price level and demand-determined output. An exogenous change in the price level causes a Question content area
Consider a simple macro model with a given price level and demand-determined output. An exogenous change in the price level causes a Question content area bottom Part 1 A. shift in both the AE and AD curves. B. movement along AE but does not affect the AD curve. C. movement along the AE curve and a shift in the AD curve. D. shift in the AE curve and a movement along the AD curve. E. movement along both the AE and AD curves
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