Refer to the above graph, which shows an aggregate demand curve for a hypothetical economy. If the price level is 200, the quantity of real GDP demanded is:

What is the difference between microeconomics and macroeconomics? Give an example of an issue each studies

What will be an ideal response?

Consider the AD/AS model. The interest rate effect is reflected on the _______ and when the price level _________________

a. AS curve; rises, people feel poorer and buy less b. AS curve; rises, goods become more expensive and foreigners buy less c. AS curve; rises, interest rates fall, and people buy less d. AD curve; rises, interest rates rise, and people buy less e. AD curve; falls, interest rates fall, and people buy less