As the price level increases,the amount of goods and services that consumers,businesses,and governments desire to purchase will change.This is depicted by:
A)a leftward movement of the aggregate demand curve.
B)a rightward movement of the aggregate demand curve.
C)an upward movement along the aggregate demand curve.
D)a downward movement along the aggregate demand curve.
E)an increase in the slope of the aggregate demand curve.

Question

Quizplus · Accepted Answer

As the price level increases, the quantity of goods and services demanded decreases, leading to an upward movement along the aggregate demand curve, not a shift of the curve itself.

As the Price Level Increases,the Amount of Goods and Services