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Econ 213 TOP Exam Questions and CORRECT Answers
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The aggregate demand curves slopes downward to the right indicating that:An increase in the price level leads to a decrease in the quantity of real GDP demanded Ceteris paribus, a decline in the domestic price level causes:An increase in exports, a decrease in imports, and an increase in the quantity of real GDP demanded, ALSO, an increase in the purchasing power of a given money income All of the following will increase aggregate demand except:A decrease in foreign real national income Ceteris Paribus, a increase in aggregate demand when short-run aggregate supply is updates sloping causes the price level to ________, real output to ________, and the unemployment rate to ________.increase; increase; decrease
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