As the price level increases,the amount of goods and services that consumers,businesses,and governments desire to purchase will change.How will this be illustrated?
A)a leftward movement of the aggregate demand curve
B)a rightward movement of the aggregate demand curve
C)a movement upward along the aggregate demand curve
D)a movement downward along the aggregate demand curve
E)the price level change causes the aggregate supply curve to shift,bringing the economy back into equilibrium

Question

Quizplus · Accepted Answer

As the price level increases, the quantity of goods and services demanded decreases, which is represented by a movement upward along the aggregate demand curve, not a shift of the curve itself.

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