Consider a simple macro model with a given price level and demand-determined output.An exogenous change in the price level causes a
A) shift in both the AE and AD curves.
B) movement along the AE curve and a shift in the AD curve.
C) movement along both the AE and AD curves.
D) shift in the AE curve and a movement along the AD curve.
E) movement along AE but does not affect the AD curve.
Correct Answer:
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