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 we move along the AD curve.
D. downward and we move along the AD curve.
Answer:D
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 we move along the AD curve. D. downward and we move along the AD curve.