Multiple Choice
In the aggregate demand and aggregate supply model,
A) the factors that cause the individual demand curve to slope downward are the same as the factors that cause the aggregate demand curve to slope downward.
B) the factors that cause the individual supply curve to slope upward are the same as the factors that cause the short-run aggregate supply curve to slope upward.
C) the upward-sloping aggregate demand curve intersects the downward-sloping short-run aggregate supply curve to determine the economy's price level and GDP.
D) the upward-sloping short-run aggregate supply curve intersects the downward-sloping aggregate demand curve to determine the economy's price level and GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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