In Deriving the Aggregate Demand Curve from the Aggregate Expenditures

Multiple Choice

In deriving the aggregate demand curve from the aggregate expenditures model, we note that

A) the real-balances effect is irrelevant to both models.
B) a change in the price level will have no impact on the aggregate expenditures schedule.
C) an increase (decrease) in the price level shifts the aggregate expenditures schedule upward (downward) .
D) an increase (decrease) in the price level shifts the aggregate expenditures schedule downward (upward) .