The Aggregate Demand Curve Shows That, If Other Factors Are

question 341

Multiple Choice

The aggregate demand curve shows that, if other factors are held constant, a

• A) higher price level results in a decrease in the quantity of real GDP demanded.
• B) higher price level results in an increase in the quantity of real GDP demanded.
• C) higher price level results in a lower interest rate.
• D) lower price level results in a higher interest rate.

---

Definitions:

Professional Bodies

Organizations representing the interests of professionals in a specific industry, responsible for setting standards, providing training, and enforcing ethics.

Role

Describes the function or part played by a person or thing in a particular situation or system, such as in an organization or process.

Donoghue v. Stevenson

A foundational case in Scots and English tort law which established the principle that manufacturers owe a duty of care to the ultimate consumers of their products.

Negligence Law

A branch of law that deals with situations where an individual's failure to exercise reasonable care results in harm or injury to another person.