Which of the following is not a property of the aggregate demand curve?
A) It shows the relationship between the overall price level and the level of total demand.
B) It maps to the price level on the vertical axis and output on the horizontal axis.
C) It slopes downward.
D) It shows the relationship between the overall price level and the level of consumption.

Question

Quizplus · Accepted Answer

Option D states that the aggregate demand curve shows the relationship between the overall price level and the level of consumption, which is incorrect. The aggregate demand curve shows the relationship between the overall price level and the level of total demand, which includes consumption, investment, government spending, and net exports. Therefore, D is the correct answer.

Which of the Following Is Not a Property of the Aggregate