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Economics (AS & A Level) · May / June 2023 · Paper 12 · Question 18

9708Aggregate Demand and Aggregate Supply analysis

Which change is shown directly by the use of aggregate demand and aggregate supply analysis?

  1. Athe nominal income level
  2. Bthe price level
  3. Cthe unemployment level
  4. Dthe wage level

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Correct answer: B. the price level

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