The Aggregate Demand Curve Shows That, If Other Factors Are

question 32

Multiple Choice

The aggregate demand curve shows that, if other factors are held constant, the higher the price level, the

• A) larger consumption expenditure.
• B) greater the quantity of real GDP demanded.
• C) smaller the quantity of real GDP demanded.
• D) None of the above answers is correct.

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Definitions:

Common Denominator

The shared multiple of the denominators of two or more fractions, allowing them to be compared or combined.

Sum

The result of adding two or more numbers or quantities together.

Product

The result of multiplying two or more quantities together.

Gigabytes

A unit of digital information storage equal to 1,024 megabytes or roughly one billion bytes.