Question
I was given the following information on an assignment: From the list below, choosethe answer(s) that best describes what would occurin the followingAD (aggregate demand)AS
I was given the following information on an assignment:
From the list below, choosethe answer(s) that best describes what would occurin the followingAD (aggregate demand)AS (aggregate supply)"situation(s).
The domestic price level rises causing Canadian goods to become relatively more expensive, leading Canadians to increase their purchases of foreign goods.
This are the possible choices for the answer and I can pick more than one:
Move to the right (up) along the AS curve
Move to the right (down) along the AD curve
Move to the left (down) along the AS curve
Shift to the left of the AS curve
Shift to the right of the AS curve
Shift to the left of the AD curve
Shift to the right of the AD curve
Move to the left (up) along the AD curve
How would I figure this out??
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