A Movement Upward Along an Existing Aggregate Demand Curve That

question 164

Multiple Choice

A movement upward along an existing aggregate demand curve that changes the price level is equivalent to a(n) :

• A)decrease in aggregate demand.
• B)increase in aggregate demand.
• C)upward shift in the aggregate expenditures schedule.
• D)downward shift in the aggregate expenditures schedule.

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Definitions:

Radically Different

Drastically unlike or divergent from what is traditional, standard, or expected.

Unknown Future

A reference to situations or outcomes that are uncertain or unpredictable.

Incremental Change

Change of a relatively small scope, such as making small improvements.

Small Improvements

Incremental positive changes or adjustments that cumulatively lead to significant progress.