Figure 15-1 -Refer to Figure 15-1.Ceteris paribus,an increase in the price level would be represented by a movement from A)AD₁ to AD₂. B)AD₂ to AD₁. C)point A to point B. D)point B to point A.

Question

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An increase in the price level would cause a movement along the aggregate demand curve from point B to point A, indicating a decrease in the quantity of goods and services demanded.

Figure 15-1 -Refer to Figure 15-1.Ceteris Paribus,an Increase in the Price Level