Multiple Choice
Can a change in the price level change aggregate demand?
A) Yes,as the price level rises,aggregate demand falls.
B) Yes,but only under the condition that the real balance effect is operational.
C) No,only a change in a factor other than the price level can change aggregate demand.
D) No,a change in the price level can only change aggregate supply.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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