The aggregate expenditures model and the aggregate demand curve can be reconciled because, other things equal, in the aggregate expenditures model, question 22 options: a) the level of aggregate expenditures and therefore the level of real gdp vary inversely with the price level. b) an increase in the price level increases the real value of wealth. c) the level of aggregate expenditures and therefore the level of real gdp vary directly with the price level. d) changes in the price level have no effect on the equilibrium level of gdp.