Figure 9.1 -Refer to Figure 9.1. When the price level rises and causes lower consumption expenditures, it is illustrated as: A) a move from Point A to Point B, but not a shift of the aggregate demand curve. B) an aggregate demand curve shift from AD₁to AD₂. C) a move from Point B to Point A, but not a shift of the aggregate demand curve. D) an aggregate demand curve shift from AD₁to AD₀.

Question

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The Answer of Figure 9.1 -Refer to Figure 9.1. When the price level rises and causes lower consumption expenditures, it is illustrated as: A) a move from Point A to Point B, but not a shift of the aggregate demand curve. B) an aggregate demand curve shift from AD₁to AD₂. C) a move from Point B to Point A, but not a shift of the aggregate demand curve. D) an aggregate demand curve shift from AD₁to AD₀.

Figure 9.1 -Refer to Figure 9.1. When the Price Level Rises and Rises