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 results in a movement along the aggregate demand curve. This is because the aggregate demand curve shows the level of real output that buyers collectively demand at each possible price level. A change in the price level impacts the quantity demanded of real output, but it does not shift or change the slope of the aggregate demand curve.

A Change in the Price Level Produces a ________ the Aggregate