In Deriving the Aggregate Demand Curve a ________ Price Level

question 51

Multiple Choice

In deriving the aggregate demand curve a ________ price level ________ the money supply in real terms,raises interest rates,and ________ the equilibrium level of aggregate output.

• A)higher; reduces; raises
• B)higher; reduces; lowers
• C)lower; increases; raises
• D)lower; increases; lowers

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Definitions:

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Rapport

A harmonious relationship in which people or groups concerned understand each other's feelings or ideas and communicate well.

Mutual Confidence

The shared belief in the reliability, truth, ability, or strength of each other within a relationship.

Mutual "Liking"

A reciprocal feeling of fondness or affection shared between individuals.