The Slope of the Aggregate Demand Curve Indicates That ________

question 69

Multiple Choice

The slope of the aggregate demand curve indicates that ________ in the inflation rate leads to ________ of real GDP demanded by households and firms.

• A) an increase; a higher level
• B) a decrease; a lower level
• C) a decrease; a higher level
• D) an increase; no change in the level

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Definitions:

Pectoral

An ornament on the chest.

Fibula

An ancient brooch or pin, typically used in Greek and Roman dress as a fastener or decorative item.

Tinia

The chief god of the Etruscan pantheon, equivalent to the Roman Jupiter and Greek Zeus, known as the god of sky and thunder.

Etruscan God

A deity worshiped in the ancient Etruscan civilization, which flourished in what is now Italy before the Roman Empire.