13 What happens to aggregate demand (AD) if the price level rises?a) The quantity of AD increases.O b) AD shifts left.Oc) AD increases.d) The quantity of AD decreases.O e) AD decreases.

Aggregate demand refers demand of all the goods and services by the consumers in the society at…

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What happens to aggregate demand (AD) if the price level rises? O a) The quantity of AD increases. O b) AD shifts left. OC) AD increases. Od) The quantity of AD decreases. O e) AD decreases.

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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Question

What happens to aggregate demand (AD) if the price level rises?
a) The quantity of AD increases.
O b) AD shifts left.
Oc) AD increases.
d) The quantity of AD decreases.
O e) AD decreases.

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