Multiple Choice
According to the law of aggregate demand, as the price level rises, aggregate
A) quantity demanded does not change.
B) demand decreases.
C) quantity demanded decreases.
D) demand increases.
E) quantity demanded increases.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q36: When there is economic growth with rising
Q37: The "Yes - Markets Self-Adjust" camp believes
Q38: Which is not a positive demand shock?<br>A)
Q39: "Stable prices" means the average price level
Q40: In long-run macroeconomic equilibrium<br>A) the price level
Q42: Government can affect aggregate quantity supplied with
Q43: The "No - Markets Fail Often" camp
Q44: When the price level falls, aggregate quantity
Q45: Business investment based on borrowed funds helps
Q46: The short run is a period of