By using only the aggregate demand curve, we can determine
A) both the price level and quantity of real GDP.
B) only the quantity of real GDP.
C) only the price level.
D) neither the price level nor the quantity of real GDP.

Question

Quizplus · Accepted Answer

The aggregate demand curve alone does not provide enough information to determine either the price level or the quantity of real GDP, as it must be combined with the aggregate supply curve to find equilibrium.

By Using Only the Aggregate Demand Curve, We Can Determine