An Increase in the Price Level

question 33

Multiple Choice

An increase in the price level

• A)means that the aggregate demand curve has shifted leftward
• B)means that inflation occurred
• C)means the employment level has decreased
• D)will shift both the aggregate supply curve and the aggregate demand curve leftward
• E)will shift both the aggregate supply curve and the aggregate demand curve rightward

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Definitions:

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Design-It-In Approach

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