Any Change in the Price Level Will Result in a

question 105

Multiple Choice

Any change in the price level will result in a

• A) shift in the AE curve and a movement along the AD curve.
• B) movement along the AE curve and a shift of the AD curve.
• C) shift in the AE and AD curves in the same direction.
• D) shift in the AE and AD curves in opposite directions.

---

Definitions:

Decision Tree

A decision tree is a graphical representation used to visualize the choices in a decision-making process, their possible outcomes, chance event results, and resource costs, aiding in analysis and planning.

Graphic Representation

A visual method of displaying information or data, such as charts, diagrams, or maps.

Equal Probability

refers to the principle that every outcome in a given sample space has the same chance of occurring.

Certainty

The state of being sure or confident about something, often used in decision-making scenarios where outcomes can be predicted with high accuracy.