Question

Which one of the following would not shift the aggregate demand curve?

Multiple Choice
a change in the price level
depreciation of the international value of the dollar
a decline in the interest rate at each possible price level
an increase in personal income tax rates

Answer 1

The option that would not shift the aggregate demand curve is:

**a change in the price level**

A change in the price level results in a movement along the aggregate demand curve rather than a shift of the curve itself. The other options (depreciation of the international value of the dollar, a decline in the interest rate at each possible price level, and an increase in personal income tax rates) would all cause the aggregate demand curve to shift.