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
Correct Answer:

Verified
Correct Answer:
Verified
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