Which statement below regarding aggregate demand is true? It expresses an inverse relationship between price level and RGDP. If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? The incidence of the subsidy on the consumer will decrease. Select the statement below that is true of long run aggregate supply curves. There is no relationship between price level and RGDP. If an excise tax is imposed on a product, which of the following wi...

Which statement below regarding aggregate demand is true? It expresses an inverse relationship between price level and RGDP. If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? The incidence of the subsidy on the consumer will decrease. Select the statement below that is true of long run aggregate supply curves. There is no relationship between price level and RGDP. If an excise tax is imposed on a product, which of the following wi...