An Increase in the Price Level Leads to

Multiple Choice

An increase in the price level leads to

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