Figure 24-1 -Refer to Figure 24-1. Ceteris paribus, a decrease in the price level would be represented by a movement from A) AD₁ to AD₂. B) AD₂ to AD₁. C) point A to point B. D) point B to point A.

Question

Quizplus · Accepted Answer

A decrease in the price level, ceteris paribus, would result in a movement along the aggregate demand curve from a higher price level to a lower price level, such as from point A to point B.

Figure 24-1 -Refer to Figure 24-1. Ceteris Paribus, a Decrease in the Decrease