The relationship between the economy-wide price level and the level of real GDP illustrated by the aggregate demand curve is

Name: The relationship between the economy-wide price level and the level of real GDP illustrated by the aggregate demand curve is
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Question

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The aggregate demand curve shows an inverse relationship between the economy-wide price level and the level of real GDP, meaning as the price level increases, the quantity of goods and services demanded decreases, and vice versa.

The Relationship Between the Economy-Wide Price Level and the Level