The aggregate demand curve:
A) shows the level of real GDP purchased in the economy at different possible price levels during a period of time.
B) shows the level of real GDP produced in the economy at different possible price levels during a period of time.
C) shifts to the left whenever there is an increase in aggregate expenditures.
D) slopes upward and shifts to the left whenever there is an increase in aggregate
Expenditures.

Question

Quizplus · Accepted Answer

The aggregate demand curve shows the level of real GDP purchased in the economy at different possible price levels during a period of time. It captures the relationship between the price level and the quantity of goods and services demanded by households, businesses, government, and net exports.

The Aggregate Demand Curve