Shift The Aggregate Demand Curve To The Right: (A) A Stock Market Crash (B) A
5.(2 points) A rise in the price level causes __________________ to increase making the aggregate demand curve slopes downward (a) the interest rate (b) the currency (c) inflation rate (d) expected price level
6. (2 points) Select one from the following statements which would shift the aggregate demand curve to the right: (a) A stock market crash (b) A Pandemic like Covid-19 (c) A sudden foreign demand increase for exports (d) A sudden increase in demand for imports from foreign countries
7. (2 points)The sticky-wage theory suggests an unexpectedly high price level lowers _____________ causing firms to hire more workers and produce a larger quantity of goods and services:_____________________________