Other things being equal, along an aggregate demand curve, a higher price level is associated with
A) a higher real GDP.
B) a lower real GDP.
C) a lower nominal GDP.
D) higher income levels.

Question

Quizplus · Accepted Answer

According to the downward-sloping aggregate demand curve, a higher price level is associated with a lower quantity of goods and services demanded, resulting in a lower real GDP.

Other Things Being Equal, Along an Aggregate Demand Curve, a Higher