If stock prices go up and people feel richer, the aggregate demand will increase with the corresponding increase in the price level.
<h3>What do you mean by Price Level?</h3>
Price Level refers to an average of current prices across the goods and services that are produced in the economy. Price levels refer to one of the most economic indicators in the world.
Aggregate demand will increase when the stock prices go up. Aggregate demand should increase when the components of the aggregate demand that including consumer spending, investment spending, government spending, and spending will rise.
Therefore, the aggregate demand will increase when the stock prices go up and people feel richer.
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