CECN 506

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The aggregate demand curve: A) shows the amount of real output which will be purchased at each possible price level. B) shows the amount of expenditures required to induce the production of each possible level of real output. C) is downward sloping because production costs decline as real output increases? D) is upward sloping because a higher price level is necessary to make productio...