In the figure, as the price level increases the aggregate demand curve will O A. not shift. O B. not shift, but the aggregate demand curve will change so that it is positively sloped. O C. shift from AD, to AD, O D. shift from AD, to AD, and then back to AD,. O E. shift from AD, to AD.:

In the figure, as the price level increases the aggregate demand curve will O A. not shift. O B. not shift, but the aggregate demand curve will change so that it is positively sloped. O C. shift from AD, to AD, O D. shift from AD, to AD, and then back to AD,. O E. shift from AD, to AD.:

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 6QR

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Question

In the figure, as the price level increases the aggregate demand curve will
Price level (GDP price index, 2012 = 100)
A. not shift.
O B. not shift, but the aggregate demand curve will change so that it is
positively sloped.
O C. shift from AD, to AD,
O D. shift from AD, to AD, and then back to AD,.
E. shift from AD, to AD3.
AD2
AD3
AD1
Real GDP (trillions of 2012 dollars)

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