Multiple Choice
The Canadian price level rises. What is the effect on the quantity of real GDP demanded or aggregate demand in Canada?
A) The quantity of Canadian real GDP demanded increases.
B) The quantity of Canadian real GDP demanded decreases.
C) Canadian aggregate demand increases.
D) Canadian aggregate demand decreases.
E) There is no change to either the quantity of real GDP demanded or to aggregate demand.
Correct Answer:
Verified
Correct Answer:
Verified
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