Multiple Choice
The model of aggregate demand and aggregate supply explains the relationship between
A) the price and quantity of a particular good.
B) unemployment and output.
C) wages and employment.
D) real GDP and the price level.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: According to classical macroeconomic theory,changes in the
Q27: The aggregate demand is described graphically as<br>A)sloping
Q28: The variables on the vertical and horizontal
Q29: Aggregate demand includes<br>A)only the quantity of goods
Q30: "Money is a veil" best describes the<br>A)new-Keynesian
Q32: Which of the following would not be
Q33: The aggregate demand and aggregate supply graph
Q34: The average price level is measured by<br>A)the
Q35: Most economists believe that in the short
Q36: Classical economist David Hume observed that as