Other things equal, along the aggregate demand curve, a higher price level is associated with
A. an increase in the quantity of real GDP demanded.
B. a decrease in the quantity of real GDP demanded.
C. a decrease in the quantity of nominal GDP demanded.
D. higher income levels.
Answer:B
Other things equal, along the aggregate demand curve, a higher price level is associated with
A. an increase in the quantity of real GDP demanded. B. a decrease in the quantity of real GDP demanded. C. a decrease in the quantity of nominal GDP demanded. D. higher income levels.