. Which of the following shifts aggregate demand to the left? The price level rises. b. The price level falls. The dollar depreciates. d. The prices of stock fall. C. Test Yourself 596 €275 What happens when the dollar appreciates? a. Net exports increase, and aggregate demand shifts right. b. Net exports increase, and aggregate demand shifts left. Net exports decrease, and aggregate demand shifts right. d. Net exports decrease, and aggregate demand shifts left. C. Test Yourself What happens when the price level rises? a. The value of money rises, and exchange rates and interest rates also rise. b. The value of money rises, while exchange rates and interest rates fall. c. The value of money falls while exchange rates and interest rates rise. d. The value of money falls, and exchange rates and interest rates also fall.