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An Increase in the Price Level Results in a

Question 354

Multiple Choice

An increase in the price level results in a


A) downward shift in the AD curve and a movement down along the AE curve.
B) downward shift in both the AE and AD curves.
C) leftward movement along both the AE and AD curves.
D) downward shift in the AE curve and a movement up along the AD curve.

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