-Refer to Exhibit 8-3.A movement from point B to point A on AD₁ would have been the result of A) a decrease in the price level. B) an increase in the price level. C) an increase in foreign real national income. D) a decrease in foreign real national income.

Question

Quizplus · Accepted Answer

Moving from point B to point A on an aggregate demand curve (AD₁) typically results from an increase in the price level, which reduces the quantity of goods and services demanded.