Multiple Choice
The quantity of real GDP demanded equals $12.2 billion when the price level is 90. If the price level rises to 95, the quantity of real GDP demanded equals
A) more than $12.2 billion.
B) $12.2 billion.
C) less than $12.2 billion.
D) More information is needed to determine if the quantity of real GDP demanded increases, decreases or does not change.
Correct Answer:
Verified
Correct Answer:
Verified
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