Under what condition will an increase in aggregate demand result in no increase in the price level?
A) The aggregate demand curve is upward sloping.
B) The aggregate demand curve intersects the upward-sloping segment of the aggregate supply curve.
C) The aggregate demand curve intersects the horizontal segment of the aggregate supply curve.
D) The aggregate demand curve intersects the downward-sloping segment of the aggregate supply curve.
E) The aggregate demand curve intersects a vertical segment of the aggregate supply curvE.
Correct Answer:
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