Multiple Choice
The aggregate demand curve illustrates the
A) positive relationship between the price level and the quantity demanded of real gross domestic product (GDP) .
B) positive relationship between the price level and the quantity demanded of nominal gross domestic product (GDP) .
C) inverse relationship between the price level and the quantity demanded of real gross domestic product (GDP) .
D) inverse relationship between the price level and the quantity demanded of nominal gross domestic product (GDP) .
E) positive relationship between the level of spending and the level of real gross domestic product (GDP) .
Correct Answer:
Verified
Correct Answer:
Verified
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