The ___________ indicates the relationship between the price level and the quant
ID: 1108816 • Letter: T
Question
The ___________ indicates the relationship between the price level and the quantity of the real GDP demanded by households, firms and governments. A) consumer price index B) aggregate expenditure line C) the inflation rate D) aggregate demand curve The ___________ indicates the relationship between the price level and the quantity of the real GDP demanded by households, firms and governments. A) consumer price index B) aggregate expenditure line C) the inflation rate D) aggregate demand curve A) consumer price index B) aggregate expenditure line C) the inflation rate D) aggregate demand curveExplanation / Answer
Answer
D) aggregate demand curve
The aggregate demand curve is downward sloping curve which shows the negative relationship between demand from households, firms, and governments and the price level.
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