Multiple Choice
If the price level increases, the AE curve shifts
A) upward and the AD curve shifts leftward.
B) downward and the AD curve shifts rightward.
C) upward and there is a movement along the AD curve.
D) downward and there is a movement along the AD curve.
E) upward and the AD curve shifts rightward.
Correct Answer:
Verified
Correct Answer:
Verified
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