If the price level changes from PL2 to PL1, what happens to the quantity of real GDP demanded?
a. It decreases from RGDP2 to RGDP1.
b. It increases from RGDP1 to RGDP2.
c. It decreases from RGDP1 to RGDP2.
d. It increases from RGDP2 to RGDP1.
d. It increases from RGDP2 to RGDP1.
Economics
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a) increase long-run aggregate-supply. b) decrease long-run aggregate-supply. c) have no impact on long-run aggregate-supply. d) increase aggregate-demand.
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Food and drug labeling is a low-cost way to inform consumers about the contents of foods and the dangers of drugs
Indicate whether the statement is true or false
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