An Increase in the Price Level Results in A(n)________ in the Quantity

Multiple Choice

An increase in the price level results in a(n) ________ in the quantity of real GDP demanded because ________.

A) decrease; a higher price level reduces consumption, investment, and net exports
B) increase; a higher price level reduces consumption, investment, and net exports
C) decrease; a higher price level increases consumption, investment, and net exports
D) increase; a higher price level increases consumption, investment, and net exports
E) increase; a higher price level reduces consumption, investment and government spending