If the Price Level Increases,there Is ________ the AD Curve

question 250

Multiple Choice

If the price level increases,there is ________ the AD curve and the quantity of real GDP demanded ________.

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

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Definitions:

Rate Of Growth

The speed at which a variable, such as an economy, company's sales, or an investment, increases over a certain period of time.

Compounded Monthly

The method of computing interest that includes both the original amount and the interest earned in past months, applied each month.

Compounded Annually

The process where interest is calculated once per year and added to the principal, affecting future interest calculations.

Trust Fund

A legal entity created to hold assets for the benefit of a particular person, group, or organization, managed by a trustee.