An increase in the price level will:
A) shift the aggregate expenditure line downwards and decrease aggregate output demanded.
B) shift the aggregate expenditure line upwards and increase aggregate output demanded.
C) shift the aggregate expenditure line upwards and decrease aggregate output demanded.
D) shift the aggregate expenditure line downwards. and increase aggregate output demanded.
Correct Answer:
Verified
Q130: Recall Application 3, "John Maynard Keynes: A
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A) decrease because
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