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On a graph depicting aggregate demand, why is the $x$-axis labeled $rGDP=Q=Y$?

A

It is a shorthand way of showing that aggregate demand is influenced by price level.

B

It is a shorthand way of showing that inflation should be expected anywhere there is an equilibrium point.

C

It is a shorthand way of showing that the amount produced is equal to the value of income and quantity of goods and services produced.

D

It is a shorthand way of showing that classical economics is in play, so the aggregate demand curve will have three parts consisting of horizontal slope, gradual upward slope, then vertical slope.

E

It is a shorthand way of showing that aggregate demand should have a positive slope.

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