Business, 08.10.2019 20:30 kingemzy

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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Can a change in the price level change aggregate demand?

(a) yes, as the price level r...