Suppose the Price Level Increases

question 132

Multiple Choice

Suppose the price level increases.How will the aggregate demand curve be affected?  

• A) The aggregate demand curve will shift to the right. 
• B) The aggregate demand curve will shift to the left. 
• C) The level of aggregate quantity demanded will increase. 
• D) The level of aggregate quantity demanded will decrease.

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Definitions:

Feeling-Type

Refers to a personality trait characterized by the tendency to make decisions based on emotions, values, and personal considerations rather than objective analysis.

Cognitive-Type

A category or classification based on styles of perception, thinking, and problem-solving.

Sensation-Type

A reference to a personality characteristic in psychological typologies, describing individuals who prefer to rely on direct sensory experience and factual information in their perceptions and decisions.

Problem-focused Coping

A coping strategy that aims to address the source of stress by altering the stressor or one’s behavior towards it.