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An Increase in the Price Level Shifts the AE Curve

Question 39

Multiple Choice

An increase in the price level shifts the AE curve


A) downward and does not shift the AD curve.
B) downward and shifts the AD curve rightward.
C) upward and shifts the AD curve rightward.
D) downward and shifts the AD curve leftward.
E) upward and shifts the AD curve leftward.

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