-In the Figure Above, as the Price Level Increases, the Aggregate

question 49

Multiple Choice

-In the figure above, as the price level increases, the aggregate demand curve will

• A) shift from AD₁ to AD3 and then back to AD₁.
• B) not shift, but the aggregate demand curve will change so that it is positively sloped.
• C) not shift.
• D) shift from AD₁ to AD3.
• E) shift from AD₁ to AD₂.

---

Definitions:

McDonaldization

A term used by sociologist George Ritzer to describe the process by which the principles of the fast-food restaurant are coming to dominate more and more sectors of American society as well as of the rest of the world.

Predictability

The ability to foretell future events or behaviors based on patterns or known information.

Standardization

The process of developing and implementing technical standards to ensure consistency, safety, and interoperability of products and services.

George Ritzer

George Ritzer is a prominent American sociologist known for his contributions to consumer culture theory, globalization, and his concept of McDonaldization.