In an economy, when the price level falls, consumers and firms buy more goods and services. this relationship is represented by the _____.
a. aggregate demand curve
b. business cycle
c. aggregate supply curve
d. equilibrium gdp

In an economy, when the price level falls, consumers and firms buy more goods and services. this relationship is represented by the aggregate demand curve. Correct answer: A

The term aggregate demand (AD) denotes the total spending on goods and services.The aggregate demand curve shows the relationship between the price level for outputs and the quantity of total spending in the economy.

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In an economy, when the price level falls, consumers and firms buy more goods and services. this relationship is represented by the _____. a. aggregate demand curve b. business cycle c. aggregate supply curve d. equilibrium gdp

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In an economy, when the price level falls, consumers and firms buy more goods and services. this relationship is represented by the _____.
a. aggregate demand curve
b. business cycle
c. aggregate supply curve
d. equilibrium gdp