The Quantity of Real GDP Demanded Equals $12

question 17

Multiple Choice

The quantity of real GDP demanded equals $12.2 trillion when the price level is 90.If the price level rises to 95,the quantity of real GDP demanded equals

• A) less than $12.2 trillion.
• B) $12.2 trillion.
• C) more than $12.2 trillion.
• D) more information is needed to determine if the quantity of real GDP demanded increases, decreases, or does not change.

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Definitions:

Montesquieu

A French political philosopher of the Enlightenment era, best known for his theory of separation of powers.

Voltaire

Voltaire, the pen name of François-Marie Arouet, was a French Enlightenment writer, historian, and philosopher known for his advocacy of freedom of speech, separation of church and state, and civil liberties.

Intolerance

A lack of acceptance or respect for differing views, beliefs, or behaviors.