A change in the price level produces a ________ the aggregate demand curve. i. shift in
Ii. change in the slope of
Iii. movement along
A)i only
B)ii only
C)iii only
D)i and iii
E)i and ii

Question

Quizplus · Accepted Answer

A change in the price level will cause a movement along the aggregate demand curve, as it represents a change in the quantity of goods and services demanded at any given level of income. However, it does not shift the curve or change its slope. Therefore, the correct answer is iii only.

A Change in the Price Level Produces a ________ the Aggregate