- CFA Exams
- CFA Exam: Level I 2021
- Study Session 4. Economics (1)
- Reading 14. Aggregate Output, Prices, and Economic Growth
- Subject 3. Aggregate Demand
CFA Practice Question
The relationship between the price level and the quantity of real GDP demanded is called ______.
B. consumer demand
C. aggregate demand
D. market demand
E. long-run market demand
A. augmented demand
B. consumer demand
C. aggregate demand
D. market demand
E. long-run market demand
Correct Answer: C
This is the definition of aggregate demand.
User Contributed Comments 4
| User | Comment |
|---|---|
| humphrey | so it's C or D? |
| kalps | C old boy |
| jpducros | Is this relationship Long term AND Short term ? |
| khalifa92 | i thought it was augmented demand. |