An increase in the price level shifts the AE curve
A) upward and shifts the AD curve leftward.
B) upward and shifts the AD curve rightward.
C) downward and shifts the AD curve rightward.
D) downward and does not shift the AD curve.
E) downward and shifts the AD curve leftward.
Question 2
If the dollar rises against the euro, the dollar buys ________ euros, the euro ________ and the dollar ________.
A) more; depreciates; appreciates
B) more; appreciates; depreciates
C) less; appreciates; depreciates
D) more; depreciates; depreciates
E) less, depreciates; appreciates
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