Suppose that the price index of 150 for quantity demanded of US Real GDP is 10.0 trillion worth of goods. Do these data represent aggregate demand or a point on an aggregate demand curve? Explain your answer.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter8: Aggregate Demand And Aggregate Supply
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Suppose that the price index of 150 for quantity
demanded of US Real GDP is 10.0 trillion worth of
goods. Do these data represent aggregate demand or
a point on an aggregate demand curve? Explain your
answer.
Transcribed Image Text:Suppose that the price index of 150 for quantity demanded of US Real GDP is 10.0 trillion worth of goods. Do these data represent aggregate demand or a point on an aggregate demand curve? Explain your answer.
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