Because of the Slope of the Aggregate Demand Curve, We

question 78

Multiple Choice

Because of the slope of the aggregate demand curve, we can say that

• A)a decrease in the price level leads to a lower level of real GDP demanded.
• B)an increase in the price level leads to no change in the level of real GDP demanded.
• C)a decrease in the price level leads to a higher level of real GDP demanded.
• D)an increase in the price level leads to a higher level of real GDP demanded.
• E)an increase in the price level increases household wealth.

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