The Level of Real National Output Demanded at Each Price

question 65

Multiple Choice

The level of real national output demanded at each price level

• A) declines as aggregate supply increases.
• B) is horizontal according to the classical economists.
• C) is unaffected by changes in interest rates.
• D) can be calculated only when the economy is at full employment.
• E) is inversely related to the price level.

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Definitions:

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A state of psycho-motor immobility and behavioral abnormality marked by stupor, rigidity, or even excessive, pointless motor activity.

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