Deriving the aggregate demand curve from the quantity equation of money allows the aggregate demand curve to be written as p = mv / y. for v = 5 and m = 600, p = 3,000 / y. if p = 1, then y = 3,000, and if p = 3, then y = thereby demonstrating the slope.

The correct answer is: 1,000; Negative slope

Explanation:

The aggregate demand curve can be written as

Here,  V = 5 and M = 600, so P will be

P =

P =

If P = 1,

1 =

Y = 3000

If P = 2,

2 =

2Y = 3,000

Y = 1,500

If P = 3,

3 =

3Y = 3,000

Y = 1,000

We see that as the value of P is increasing, the value of Y is declining. This means that P and Y are negatively related and have a negative slope.

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