The aggregate demand curve shows that, if other factors are held constant, a
A. higher price level results in a decrease in the quantity of real GDP demanded.
B. higher price level results in an increase in the quantity of real GDP demanded.
C. higher price level results in a lower interest rate.
D. lower price level results in inflationary conditions.
Answer:A
The aggregate demand curve shows that, if other factors are held constant, a
A. higher price level results in a decrease in the quantity of real GDP demanded. B. higher price level results in an increase in the quantity of real GDP demanded. C. higher price level results in a lower interest rate. D. lower price level results in inflationary conditions.