24. The aggregate demand curve: A. shows the level of real GDP purchased in the economy at different possible price levels during a period of time. B. shows the level of real GDP produced in the economy at different possible price levels during a period of time. C. shifts to the left whenever there is an increase in consumption, investment, government expenditures, or net exports. D. slopes upward. E. is steeper at higher levels of output

Question

Business

Diana

18 October, 05:01

24. The aggregate demand curve: A. shows the level of real GDP purchased in the economy at different possible price levels during a period of time. B. shows the level of real GDP produced in the economy at different possible price levels during a period of time. C. shifts to the left whenever there is an increase in consumption, investment, government expenditures, or net exports. D. slopes upward. E. is steeper at higher levels of output

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Julien Randall · Answer 1

Answer is option A, i. e. shows the level of real GDP purchased in the economy at different possible price levels during a period of time.

Explanation:

Aggregate demand can be understood as the the total amount of goods and services that a buyer wants to purchase at different levels of prices at different period of time. Thus, the aggregate demand curve shows the relationship between the aggregate demand of the customers that they wish to purchase the goods and services at different price levels in a given period of time.