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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.1
What is the relationship between the price level and Real GDP?
Direct relationship: as the price level rises, Real GDP output demanded increases, and as the price level falls, Real GDP output demanded decreases.
No relationship: the price level does not affect Real GDP output demanded.
Inverse relationship: as the price level rises, Real GDP output demanded decreases, and as the price level falls, Real GDP output demanded increases.
The relationship between the price level and Real GDP output demanded is random and cannot be determined.
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AP Macroeconomics - 3.1 Aggregate Demand
Key terms
Price level
Real GDP
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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