If the price level increases, the AE curve shifts
A) upward and the AD curve shifts leftward.
B) upward and there is a movement along the AD curve.
C) upward and the AD curve shifts rightward.
D) downward and there is a movement along the AD curve.
E) downward and the AD curve shifts rightward.
Question 2
The figure above shows the production possibilities frontiers for the United Kingdom and France. If the United Kingdom and France specialize and engage in trade, the United Kingdom will export ________ and France will export ________.
A) fish; wheat
B) wheat; wheat
C) fish; fish
D) nothing; nothing
E) wheat; fish
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