Which of the following is a good gauge of economic progress? a. the level of real gdp per person, but not the growth rate of real gdp per person b. the level of real gdp per person and the growth rate of real gdp per person c. the growth rate of real gdp per person, but not the level of real gdp per person d. neither the level nor the growth rate of real gdp per person

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.