If the Price Level Increases,the AE Curve Shifts

question 68

Multiple Choice

If the price level increases,the AE curve shifts

• A) upward and the AD curve shifts leftward.
• B) downward and the AD curve shifts rightward.
• C) upward and we move along the AD curve.
• D) downward and we move along the AD curve.

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Definitions:

Condition Subsequent

A clause in a contract that specifies an event or action that terminates the contract or a duty under the contract.

Accord And Satisfaction

An agreement to end a contract with extra consideration to be supplied by the party benefiting from the discharge.

Discharged By Agreement

The termination of a contractual obligation or debt by mutual consent of the parties involved prior to the completion of the term specified.

Exemption Clause

A contractual term that seeks to limit or exclude one party's liability for certain breaches or scenarios.