Multiple Choice
The slope of the aggregate demand curve indicates that ________ in the inflation rate leads to ________ of real GDP demanded by households and firms.
A) an increase; a higher level
B) a decrease; a lower level
C) a decrease; a higher level
D) an increase; no change in the level
Correct Answer:
Verified
Related Questions
Q1: Figure 14.1 Q2: Use a graph to show the differences
