Multiple Choice
The aggregate demand curve shows that, if other factors are held constant, a
A) higher price level results in a decrease in the quantity of real GDP demanded.
B) lower price level results in inflationary conditions.
C) higher price level results in a lower interest rate.
D) higher price level results in an increase in the quantity of real GDP demanded.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: If aggregate demand grows only slightly faster
Q3: People expect that the El Nino effect
Q4: If the economy is in short- run
Q5: In Australia, during the past five decades,
Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -Refer to the
Q7: The Reserve Bank lowers interest rates. As
Q9: According to the intertemporal substitution effect, when
Q10: Which of the following changes would NOT
Q11: Which of the following increases aggregate demand
Q385: In the long-run<br>A) real GDP is equal