Multiple Choice
Which of the following statements is false?
A) Real GDP is the quantity of goods and services valued in base-year prices or base-year dollars.
B) "Aggregate demand" and the "quantity demanded of Real GDP" are the same.
C) According to the aggregate demand (AD) curve,the quantity demanded of Real GDP and the price level are inversely related.
D) Real GDP is denominated in current-year prices.
E) b and d
Correct Answer:
Verified
Correct Answer:
Verified
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