Which of the following statements about the economy's aggregate demand curve is not correct? The intersection of the AD curve and the SAS curve determines the short-run Macroeconomic equilibrium. All points on the AD curve relate a particular price level to the total demand for output at that price level. OA change in the price level will shift the AD curve. O The AD curve will be shifted by AD shocks.

Which of the following statements about the economy's aggregate demand curve is not correct? The intersection of the AD curve and the SAS curve determines the short-run Macroeconomic equilibrium. All points on the AD curve relate a particular price level to the total demand for output at that price level. OA change in the price level will shift the AD curve. O The AD curve will be shifted by AD shocks.

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter33: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 4CQQ

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