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The Quantity of Real GDP Demanded Equals $18

Question 64

Multiple Choice

The quantity of real GDP demanded equals $18.4 trillion when the price level is 95. If the price level falls to 90, the quantity of real GDP demanded equals


A) less than $18.4 trillion.
B) $18.4 trillion.
C) more than $18.4 trillion.
D) more information is needed to determine if the quantity of real GDP demanded increases, decreases, or does not change.

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