Business, 06.04.2021 03:20 hunter0156

The aggregate demand curve assumes that as the price of a good or service increases, nominal wages decrease as the price of a good or service increases, nominal wages decrease A as the domestic price level increases, consumers substitute domestic goods for foreign goods as the domestic price level increases, consumers substitute domestic goods for foreign goods B all prices and total consumer incomes are constant all prices and total consumer incomes are constant C changes in the price level affect real wealth changes in the price level affect real wealth D nominal interest rates increase as the price level decreases

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The aggregate demand curve assumes that as the price of a good or service increases, nominal wages d...

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