8) Economic growth is demonstrated by the LRAS as it A) becomes more vertical. B) shifts to the right C) shifts to the left. D) becomes more horizontal. 8) 9) 9) Other things being equal, the economy's aggregate demand curve shows that A) a change in the general price level causes the curve to shift. B) real Gross Domestic Product (GDP) and the price level are not related. C) a change in the general price level causes a change in the quantity of final goods and services purchased D) as the price level falls, total planned expenditures fall as well. 10) 10) The real-balance effect shows that A) aggregate demand is upward sloping. B) a lower price level will increase the purchasing power of currency and increase personal consumption C) a higher price level leads to higher interest rates. D) consumption and the price level are positively correlated