Identify the correct statement.
A)An increase in the price level in an economy will increase the real value of dollar-denominated assets.
B)An increase in the price level in an economy will shift the aggregate expenditure line upward.
C)An increase in the price level in an economy will decrease the equilibrium level of output demanded.
D)An increase in the price level in an economy will cause an upward movement along the aggregate demand curve.
E)An increase in the price level in an economy will shift the aggregate demand curve rightward.

Question

Quizplus · Accepted Answer

The Answer of Identify the correct statement.
A)An increase in the price level in an economy will increase the real value of dollar-denominated assets.
B)An increase in the price level in an economy will shift the aggregate expenditure line upward.
C)An increase in the price level in an economy will decrease the equilibrium level of output demanded.
D)An increase in the price level in an economy will cause an upward movement along the aggregate demand curve.
E)An increase in the price level in an economy will shift the aggregate demand curve rightward.

Identify the Correct Statement