1. An increase in the price level will _________ GDP and thereby move the economy _________ the aggregate demand curve. 2. At any price level, the income-expenditure model determines the level of...

1. An increase in the price level will _________ GDP and thereby move the economy _________ the aggregate demand curve.

2. At any price level, the income-expenditure model determines the level of equilibrium output and the corresponding point on the _________ curve.

3. An increase in the price level will not shift the aggregate demand curve. _________ (True/False)

4. A leftward shift in the aggregate demand curve corresponds to a(n) _________ in equilibrium income.