Determine whether each of the following would cause a shift, Ask an Expert

Economics

Determine whether each of the following would cause a shift if the aggregate demand curves, 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 age rate increases

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M960492

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