Business, 21.04.2020 00:06 ahaug4869

An economics student makes the following statement: "It's easy to understand why the aggregatedemand curve is downward sloping: When the price level increases, consumers substitute into less expensive products, thereby decreasing total spending in the economy." This statement is false because the aggregate demand curve isa. downward sloping because as prices rise, consumer real wealth declines, interest rates rise, and exports become more expensive

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An economics student makes the following statement: "It's easy to understand why the aggregatedemand...

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