Because of the Slope of the Aggregate Demand Curve,we Can

question 6

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.

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Definitions:

Contract

An agreement that is enforceable by law, involving two or more parties, which stipulates their duties and entitlements.

Ratification

The act of officially approving an agreement or treaty, often by a vote or other formal decision.

Real Authority

The actual power given to an agent or representative to act on behalf of another person or entity in legal or business matters.

Apparent Authority

The appearance or assumption of authority based on the actions or statements of the principle, leading a third party to believe that an agent has the authority to act.