Because of the slope of the aggregate demand curve, we can say that

A) a decrease in the price level leads to a lower level of real GDP demanded.
B) an increase in the price level leads to no change in the level of real GDP demanded.
C) a decrease in the price level leads to a higher level of real GDP demanded.
D) an increase in the price level leads to a higher level of real GDP demanded.


Answer: C

Economics

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Which of the following is an effect of paper recycling on pulpwood?

a. Recycling leads to an increase in acreage devoted to pulpwood. b. Recycling leads to a decrease in acreage devoted to pulpwood. c. Recycling increases the demand for pulpwood. d. Recycling increases the market price of pulpwood.

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There is 5 percent average tax on imported goods in the United States. This tax is known as a(n) ________.

A. quota B. tariff C. income tax D. sales tax

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When price and marginal cost are equal for a perfectly competitive firm, the firm is

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Economics