Other things being equal,what will occur as the price level decreases?
A)Real gross domestic product supplied increases.
B)The quantity of real gross domestic product demanded increases.
C)The quantity of real gross domestic product demanded decreases.
D)Aggregate demand increases.

Question

Quizplus · Accepted Answer

As the price level decreases, the purchasing power of money increases, leading to an increase in the quantity of real GDP demanded.

Other Things Being Equal,what Will Occur as the Price Level