If the Price Level Increases, There Is _{--------------------}the AD Curve

question 133

Multiple Choice

If the price level increases, there is _{--------------------}the AD curve and the quantity of real GDP demanded_{--------------------}
.

• A)a movement upward along; decreases
• B)no change in; does not change
• C)a leftward shift in; decreases
• D)a movement upward along; increases
• E)a movement downward along; increases

---

Definitions:

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specific time period, serving as a measure of economic performance.

Proportion

The relationship between parts and the whole, often expressed as a ratio or fraction, indicating the relative size or importance of elements within a context.

Services Sector

Part of the economy that provides intangible goods or services to consumers, including sectors like healthcare, education, and financial services.

Intangibility

A characteristic of services indicating they cannot be seen, touched, or physically measured, making their quality and customer satisfaction more subjective.