Changes in the price level of the different components of aggregate demand are reflected in the AD/ASAD/AS macroeconomic model by a ________________________.
A. flatter top portion of AD curve
B. longer distance to equilibrium point
C. downward sloping AD curve
D. shorter distance to equilibrium point
Answer:C
Changes in the price level of the different components of aggregate demand are reflected in the AD/ASAD/AS macroeconomic model by a ________________________.
A. flatter top portion of AD curve B. longer distance to equilibrium point C. downward sloping AD curve D. shorter distance to equilibrium point
Explanation: Type: Multiple Choice