When the Price Level Increases, Aggregate Planned Expenditure ________ and Equilibrium

question 255

Multiple Choice

When the price level increases, aggregate planned expenditure ________ and equilibrium real GDP ________. As a result, in the AS-AD model, the aggregate demand curve has a ________ slope.

• A) increases; increases; positive
• B) decreases; decreases; negative
• C) decreases; decreases; positive
• D) increases; decreases; negative
• E) decreases; increases; negative