Which one of the following variables is not held constant along a given aggregate demand curve?
A)the price level
B)the exchange rate
C)monetary policy
D)fiscal policy
E)expectations about inflation

Question

Quizplus · Accepted Answer

The aggregate demand curve shows the quantity of goods and services demanded at different price levels, holding other factors like the exchange rate, monetary policy, fiscal policy, and inflation expectations constant. The price level is the variable that changes along the curve.

Which One of the Following Variables Is Not Held Constant