Which of the following is true? a. A lower price level shifts the aggregate expenditure function upward,
Question:
Which of the following is true?
a. A lower price level shifts the aggregate expenditure function upward, moving the economy down along the aggregate demand curve.
b. A lower price level shifts the aggregate expenditure function upward, shifting the aggregate demand curve to the right.
c. A lower price level shifts the aggregate expenditure function downward, moving the economy up along the aggregate demand curve.
d. A lower price level shifts the aggregate expenditure function downward, shifting the aggregate demand curve to the right.
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