What happens on the aggregate demand curve when there is a rise in the price level which causes a change in the interest rate? O a) There is a leftward shift of the aggregate demand curve. O b) There is an upward movement along the aggregate demand curve. O) There is a rightward shift of the aggregate demand curve. Od) There is no movement along the aggregate demand curve. e) There is a downward movement along the aggregate demand curve.

Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter33: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 4CQQ
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What happens on the aggregate demand curve when there is a rise in the price level
which causes a change in the interest rate?
O a) There is a leftward shift of the aggregate demand curve.
b) There is an upward movement along the aggregate demand curve.
) There is a rightward shift of the aggregate demand curve.
d) There is no movement along the aggregate demand curve.
e) There is a downward movement along the aggregate demand curve.
Transcribed Image Text:What happens on the aggregate demand curve when there is a rise in the price level which causes a change in the interest rate? O a) There is a leftward shift of the aggregate demand curve. b) There is an upward movement along the aggregate demand curve. ) There is a rightward shift of the aggregate demand curve. d) There is no movement along the aggregate demand curve. e) There is a downward movement along the aggregate demand curve.
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