Aggregate demand is the relationship between the quantity of real GDP demanded and the
)
A) money wage rate
B) price level
C) real wage rate
D) nominal GDP demanded

Question

Quizplus · Accepted Answer

Aggregate demand shows the relationship between the quantity of real GDP demanded and the price level. As the price level rises, the quantity of real GDP demanded tends to decrease, and as the price level falls, the quantity of real GDP demanded tends to increase.

Aggregate Demand Is the Relationship Between the Quantity of Real