An increase in the price level results in a
A. downward shift in the AE curve and a movement up along the AD curve.
B. downward shift in both the AE and AD curves.
C. downward shift in the AD curve and a movement down along the AE curve.
D. leftward movement along both the AE and AD curves.
Answer:A
An increase in the price level results in a
A. downward shift in the AE curve and a movement up along the AD curve. B. downward shift in both the AE and AD curves. C. downward shift in the AD curve and a movement down along the AE curve. D. leftward movement along both the AE and AD curves.