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Consider the following news headline: Government of Ontario plans international bridge project across the Detroit river. Choose the statement below that best describes the likely
Consider the following news headline: "Government of Ontario plans international bridge project across the Detroit river." Choose the statement below that best describes the likely macroeconomic effects. Question 36 options: the AD curve shifts to the right; the price level rises and real GDP rises the AD curve shifts to the left; the price level falls and real GDP falls the AD curve shifts to the right and the AS curve shifts to the left; the price level rises and the effect on real GDP is indeterminate the AD curve shifts to the left and the AS curve shifts to the right; the price level falls and the effect on real GDP is indeterminate the AD and AS curves both shift to the right; the effect on the price level is indeterminate and real GDP rises
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