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Answer:
The following would have occurred over 1933:
C. Decrease in Agg D
because the decrease in aggregate demand in 1933 would have reduced the real GDP and the price level in 1933. As the decrease in aggregate demand means less consumption expenditure which will lead to decrease in the production and other economic activities which will adversely affect the GDP and price level
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DQuestion 15 2.6 pts Suppose that from one year to the next real GDP went from 5,000 to 4,960. Suppose also that over that same time period, the aggregate price level (as measured by the GDP deflator) increased from 107.2 to 109.4. According to our aggregate supply/demand analysis, which of the following must have occurred this time period? increase in Agg D no shifts could have occurred decrease in Agg D decrease in Agg S increase in Agg...
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