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What happens to real output, employment and the price level after a rightward AD shift?
A
Real output and employment fall, while the price level also rises.
B
Real output and employment rise, while the price level falls.
C
Real output and employment rise, while the price level also rises.
D
Real output and employment fall, while the price level also falls.
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4.3.12 effects of shifts in the AD curve and the AS curve on the level of real output, the price level and employment Flashcards
22 flashcards on CIE Intl A Level Economics 4.3.12 effects of shifts in the AD curve and the AS curve on the level of real output, the price level and employment: the key terms and definitions you need to recall.