Multiple Choice
The curve that depicts aggregate demand slopes downward because:
A) as the overall price level (P) falls, real GDP (y) falls.
B) as the overall price level (P) rises, real GDP (y) does not change.
C) as the overall price level (P) rises, real GDP (y) rises.
D) as the overall price level (P) rises, real GDP (y) falls.
Correct Answer:
Verified
Correct Answer:
Verified
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