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An increase in the price level will A. shift the aggregate demand curve to the left. B. move the economy up along a stationary aggregate demand curve. C. move the economy down along a stationary aggregate
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An increase in the price level will A. shift the aggregate demand curve to the left. B. move the economy up along a stationary aggregate demand curve. C. move the economy down along a stationary aggregate demand curve. D. shift the aggregate demand curve to the right

User Papr
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Answer:

The correct answer is (A)

Step-by-step explanation:

Demand and supply curves are used to determine the equilibrium price and quantity. A sudden change in the price level will affect the equilibrium point because the price level will affect the demand curve. An increase in the price level will shift the demand curve to the left. The demand curve will shift downwards because people will have to pay more money to buy the same products, so they will buy less.

User Necreaux
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