Multiple Choice
A rise in the price level
A) increases planned aggregate expenditure along the AD curve.
B) decreases planned aggregate expenditure along the AD curve.
C) increases planned aggregate expenditure by shifting the AD curve to the right.
D) decreases planned aggregate expenditure by shifting the AD curve to the left.
E) leaves planned aggregate expenditure unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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