When the price level increases there is_{--------------------} movement along the aggregate demand curve because the buying power of money _{--------------------}. A)no; does not change B)an upward; increases C)an upward; decreases D)a downward; increases E)a downward; decreases

Question

Quizplus · Accepted Answer

When the price level increases, the buying power of money decreases, leading to a movement upward along the aggregate demand curve as the quantity of goods and services demanded decreases.

When the Price Level Increases There Is-------------------- Movement Along the Aggregate

When the Price Level Increases There Is_{--------------------} Movement Along the Aggregate