The aggregate demand curve shows the ________ relationship between the price level and ________.
A) positive; the quantity of real GDP demanded
B) negative; aggregate labor demanded
C) positive; aggregate labor demand
D) negative; the quantity of real GDP demanded

Question

Quizplus · Accepted Answer

The aggregate demand curve shows the negative relationship between the price level and the quantity of real GDP demanded, meaning as the price level decreases, the quantity of real GDP demanded increases, and vice versa.

The Aggregate Demand Curve Shows the ________ Relationship Between the Price