Multiple Choice
Which statement best characterizes what happens to the aggregate demand curve when the price level rises?
A) A rise in the price level moves the economy rightward along the aggregate demand curve.
B) A rise in the price level moves the economy leftward along the aggregate demand curve.
C) A rise in the price level shifts the aggregate demand curve to the left.
D) A rise in the price level shifts the aggregate demand curve to the right.
Correct Answer:
Verified
Correct Answer:
Verified
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