A movement upward along a given aggregate demand curve is equivalent to a(n)
A) increase in aggregate supply.
B) increase in aggregate demand.
C) upward shift in the aggregate expenditures schedule.
D) downward shift in the aggregate expenditures schedule.

Question

Quizplus · Accepted Answer

A movement upward along a given aggregate demand curve indicates a higher price level, which typically results in a downward shift in the aggregate expenditures schedule as real purchasing power decreases.

A Movement Upward Along a Given Aggregate Demand Curve Is