The AD curve shows that, as the price level falls the quantity of
A) GDP demanded increases.
B) GDP demand decreases.
C) Real GDP demanded increases.
D) Real GDP demanded decreases.
E) none of the above
C
Economics
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Economists use general equilibrium models of an economy to explain
A) consumption levels. B) production levels. C) relative prices. D) All of the above.
Economics
On average, if demand is unknown and costs of underpricing are _______ than the costs of overpricing, then _________
a. Smaller; overprice b. Smaller; underprice c. Larger; underprice d. None of the above
Economics