Consider the following statements about the Aggregate Demand (AD) relation under price flexibility and say which ones are correct?
(A) The AD curve will shift to the right if autonomous investment rises.
(B) The AD curve will shift to the right if net exports rise in an open economy.
(C) The AD curve will shift to the left if money supply contracts.
(D) As price rises, shifting the LM curve, the AD curve shifts to the left
Choose the correct answer from the options given below:
1
(A), (B), (C) Only
2
(B), (C), (D) Only
3
(A), (C), (D) Only
4
(A), (B), (C), (D)