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Because of the Slope of the Aggregate Demand Curve, We

Question 2

Multiple Choice

Because of the slope of the aggregate demand curve, we can say that


A) a decrease in the price level leads to a lower level of real GDP demanded.
B) an increase in the price level leads to no change in the level of real GDP demanded.
C) a decrease in the price level leads to a higher level of real GDP demanded.
D) an increase in the price level leads to a higher level of real GDP demanded.
E) an increase in the price level increases household wealth.

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