The Quantity of Real GDP Demanded Equals $16

question 161

Multiple Choice

The quantity of real GDP demanded equals $16.4 trillion when the price level is 95. If the price level falls to 90, the quantity of real GDP demanded equals

• A) less than $16.4 trillion.
• B) $16.4 trillion.
• C) more than $16.4 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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