Moving along the aggregate demand curve, a decrease in the quantity of real GDP demanded is a result of
A) an increase in the price level.
B) a decrease in the price level.
C) an increase in income.
D) a decrease in income.
A
Economics
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What is a basic principle of the law of demand?
a. The higher the price, the more people will want the good. b. Everyone has a limited income that they will spend. c. When a good's price is lower, people will buy more of it. d. Services are of interest in the same way that goods are.
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How do entry barriers hamper economic prosperity?
What will be an ideal response?
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