if-the-price-level-increases-from-105-to-110-and-gdp-decreases-from-185-trillion

Question

If the price level increases from 105 to 110 and GDP decreases from $18.5 trillion to $18 trillion, what does this indicate about the aggregate demand curve?

Accepted Answer

The aggregate demand curve is downward sloping.

Answer

The aggregate demand curve is vertical.

Answer

The aggregate demand curve is horizontal.

Answer

The aggregate demand curve is upward sloping.

If the price level increases from 105 to 110 and GDP decreases from \$18.5 trillion to \$18 trillion, what does this indicate about the aggregate demand curve?