Choose the correct statement: Select one: a.There is a negative relationship between the price level and aggregate demand. b.If the price level rises, the quantity of real GDP demanded (aggregate expenditure) falls. c.If the price level falls, the quantity of real GDP demanded (aggregate expenditure) rises. d.all of these are correct statements

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Choose the correct statement:
Select one:
a.There is a negative relationship between
the price level and aggregate demand.
b.lf the price level rises, the quantity of real
GDP demanded (aggregate expenditure)
falls.
c.If the price level falls, the quantity of real
GDP demanded (aggregate expenditure)
rises.
d.all of these are correct statements
Transcribed Image Text:Choose the correct statement: Select one: a.There is a negative relationship between the price level and aggregate demand. b.lf the price level rises, the quantity of real GDP demanded (aggregate expenditure) falls. c.If the price level falls, the quantity of real GDP demanded (aggregate expenditure) rises. d.all of these are correct statements
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