Determine whether each of the following would cause a shift of the aggregate demand curve
Unit 8: Introduction to Macroeconomics, Productivity and Growth
Unit 8 Project
Chapter 19 â question 15, page 436
15.
(Aggregate Demand and Supply) Determine whether each of the following
would cause a shift of the aggregate demand curve, a shift of the
aggregate supply curve, neither, or both. Which curve shifts, and in
which direction? What happens to aggregate output and the price level in
each case?
a. The price level changes
b. Consumer confidence declines
c. The supply of resources increases
d. The wage rate increases
