Refer to the information provided in Figure 11.4 below to answer the questions that follow. Figure 11.4
-Refer to Figure 11.4. Suppose the economy is at Point A, an increase in the price level moves the economy to Point
A) E.
B) B.
C) C.
D) D.

Question

Refer to the information provided in Figure 11.4 below to answer the questions that follow.  Figure 11.4
-Refer to Figure 11.4. Suppose the economy is at Point A, an increase in the price level moves the economy to Point
A) E. 
B) B. 
C) C. 
D) D.

Quizplus · Accepted Answer

An increase in the price level would cause a movement up along the aggregate demand curve, starting from Point A and ending at Point B.

Refer to the Information Provided in Figure 11