Multiple Choice
A shift in the aggregate planned expenditure curve as a result of an increase in the price level results in
A) no movement along the aggregate demand curve and no shift in the aggregate demand curve.
B) a downward movement along the aggregate demand curve.
C) a rightward shift in the aggregate demand curve.
D) an upward movement along the aggregate demand curve.
E) a leftward shift in the aggregate demand curve.
Correct Answer:
Verified
Correct Answer:
Verified
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