The aggregate demand curve Multiple Choice is upsloping because a higher price level is necessary to make production profitable
as production costs rise. is downsloping because production costs decline as real output increases. shows the amount of expenditures required to induce the production of each possible level of real output. shows the amount of real output that will be purchased at each possible price level.
1 answer:
Answer:
shows the amount of real output that will be purchased at each possible price level.
Explanation:
The aggregate demand curve plots the relationship between aggregate price and output. It is downward sloping. The higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. It shows the quantity of output that would be purchased by consumers at every level of price.
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