If the aggregate supply curve shifts leftward, then _____. a. ...

[cdr_15]

If the aggregate supply curve shifts leftward, then _____.
 a. the price level increases and output increases
 b. the resulting increase in the price level is usually called cost-push inflation
 c. the resulting increase in the price level is usually called demand-pull inflation
  d. the price level increases as long as the aggregate demand curve shifts rightward
  e. the price level decreases and output increases

Question 2

The distribution of income in developed countries is less egalitarian than less developed countries.
 a. True
  b. False
  Indicate whether the statement is true or false

[Dnite]

Answer to Question 1

b

Answer to Question 2

False

[cdr_15]

Thanks for the timely response, appreciate it

[31809pancho]

Excellent