Figure 13-1 -Refer to Figure 13-1.Ceteris paribus,an increase 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

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An increase in the price level, ceteris paribus (all other things being equal), would be represented by a movement up along the aggregate demand curve, which is from a lower point to a higher point on the curve, such as moving from point B to point A.

Figure 13-1 -Refer to Figure 13-1.Ceteris Paribus,an Increase in the Price Level