The Aggregate Demand Curve Illustrates That, as the Price Level

question 45

Multiple Choice

The aggregate demand curve illustrates that, as the price level rises,

• A) the quantity of real GDP demanded increases.
• B) the AD curve shifts leftward.
• C) the AD curve shifts rightward.
• D) the quantity of real GDP demanded decreases.

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Definitions:

Aldosterone

A steroid hormone that regulates salt and water balance in the body, important for blood pressure control.

Hypothyroidism

A condition in which the thyroid gland does not produce enough thyroid hormone, leading to a slowdown of the body's metabolism.

Cretinism

A chronic condition caused by lack of thyroid secretion during fetal development and early childhood; results in physical and intellectual disability if untreated.

Mental and Physical Development

The process of growth and change in intellectual and bodily abilities and capacities throughout life.