The aggregate demand curve:
a. shows the level of real GDP purchased in the economy at different possible price levels during a period of time.
b. shows the level of real GDP produced in the economy at different possible price levels during a period of time.
c. shifts to the left whenever there is an increase in aggregate expenditures.
d. slopes upward.
a
Economics
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In the long run the perfect competitor's firm's most efficient output
A. is identical to its most profitable output. B. is less than its most profitable output. C. is more than its most profitable output.
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