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From the list below, match the letter of the outcome each of the following events produces upon the AD curve

.

A. Shifts to right
B. Shifts to left
C. Movement up along
D. Movement down along

Deflation has occurred during the past year.

D. Movement down along

Real GDP levels of all the nation's major trading partners have declined.

B. Shifts to left

There has been a decline in the foreign exchange value of the nation's currency.

A. Shifts to right

The price level has increased this year.

B. Shifts to left