Which statement is correct?
A)A movement along the AD curve results from a price change
B)The AS curve will shift leftwards if the labour force decreases
C)If there is excess aggregate demand at the current price level, the price level will rise
D)The long-run AS curve shows each firm is producing at its capacity and there is full employment

Question

Quizplus · Accepted Answer

A movement along the AD curve results from a change in the price level, which affects the quantity of goods and services demanded.

Which Statement Is Correct