Can a change in the price level change aggregate demand?
(a) yes, as the price level r...
Can a change in the price level change aggregate demand?
(a) yes, as the price level rises, aggregate demand falls.
(b) yes, but only under the condition that the real balance effect is operational.
(c) no, only a change in a nonprice factor can change aggregate demand.
(d) no, a change in the price level can only change aggregate supply.
(e) none of the above
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