Because of the slope(s)of the ________, we can say that a decrease in the price level leads to a higher level of real GDP demanded.
A)aggregate demand curve
B)short-run aggregate supply curve
C)long-run aggregate supply curve
D)short-run and long-run aggregate supply curves
E)consumption function

Question

Quizplus · Accepted Answer

The aggregate demand curve slopes downward, indicating that as the price level decreases, the quantity of real GDP demanded increases. This is due to the wealth effect, interest rate effect, and international trade effect. The other options do not describe a relationship between the price level and real GDP demanded in the same way.

Because of the Slope(s)of the ________, We Can Say That