If the aggregate demand curve is represented by Price Level = 300 - 0.02Y,then the point ____________ lies on the AD line.
A) Y = 20,000 and P = 10
B) Y = 30,000 and P = 10
C) Y = 40,000 and P = 10
D) Y = 10,000 and P = 10
E) Y = 25,000 and P = 10
Correct Answer:
Verified
Q22: The idea that a change in the
Q23: Q24: If everything else is held constant,an increase Q25: A shift in the position of the Q26: A rise in the price level Q28: When the price level falls,planned aggregate expenditure Q29: Which of the following will shift the Q30: Which of the following shifts the aggregate
A) increases
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