The aggregate demand curve slopes downward because at higher price level .

A. the purchasing power of consumers' assets declines and consumption increases.
B. the purchasing power of consumers' assets increases and consumption increases.
C. the purchasing power of consumers' assets declines and consumption decreases.
D. producers can get more for what they produce, and they increase production.

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?