The global economy enters a recession, thereby decreasing the level of U.S. exports. If the aggregate supply curve does not shift, then aggregate demand will ________, real GDP will ________, and the price level will ________.
A) increase; increase; remain the same
B) increase; remain the same; increase
C) decrease; increase; increase
D) decrease; decrease; decrease
E) remain the same; increase; increase
Question 2
When the AE curve shifts upward because the price level falls, the corresponding effect on the aggregate demand curve is
A) a shift rightward of the aggregate demand curve.
B) a movement upward along the aggregate demand curve.
C) a shift leftward of the aggregate demand curve.
D) a movement downward along the aggregate demand curve.
E) nothing because aggregate demand does respond to changes in the price level.
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