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When the Price Level Increases, Aggregate Planned Expenditure ________ and Equilibrium

Question 57

Multiple Choice

When the price level increases, aggregate planned expenditure ________ and equilibrium real GDP ________. As a result, in the AS-AD model, the aggregate demand curve has a ________ slope.


A) decreases; increases; negative
B) increases; increases; positive
C) increases; decreases; negative
D) decreases; decreases; positive
E) decreases; decreases; negative

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