The aggregate demand curve Multiple Choice O is upsloping because a higher price level is necessary to make production profitable as production costs rise. O is downsloping because production costs decline as real output increases. O shows the amount of expenditures required to induce the production of each possible level of real output. shows the amount of real output that will be purchased at each possible price level.\fThe aggregate supply curve Multiple Choice 0 is explained by the interest rate, real-balances, and foreign purchases effects. 0 gets steeper as the economy,f moves from the top of the cu we to the bottom of the curve. 0 shows the 1\"rarious amounts of real output that businesses will procluce at each price level. 0 is downsloping heca use real purchasing power increases as the price level falls. Full-time Employed 80 Part-time Employed 25 Unemployed 15 Discouraged Workers 5 Members of Underground Economy 6 Consumer Price Index 110 Refer to the given information about a hypothetical economy. The unemployment rate is Multiple Choice O 18.8 percent. 12.5 percent. O 16.7 percent. O 25 percent