The AD curve shifts leftward.
A. II, III, I
B. III, II, I
C. I, III, II
D. The events are not part of a monetarist model of the business cycle.
Answer:A
The AD curve shifts leftward.
A. II, III, I B. III, II, I C. I, III, II D. The events are not part of a monetarist model of the business cycle.