Multiple Choice
Which of the following statements is correct?
A) The price level does not affect the level of real GDP demanded.
B) The lower the price level,the greater the quantity of real GDP demanded.
C) The lower the price level,the more the aggregate demand curve shifts rightward.
D) The lower the price level,the more the aggregate demand curve shifts leftward.
E) The higher the price level,the more the aggregate demand curve shifts rightward.
Correct Answer:
Verified
Correct Answer:
Verified
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