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Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237 Exercise 5
The AD curve slopes downward because:
A) per-unit production costs fall as real GDP increases.
B) the income and substitution effects are at work.
C) changes in the determinants of AD alter the amounts of real GDP demanded at each price level.
D) decreases in the price level give rise to real-balances effects, interest-rate effects, and foreign purchases effects that increase the amounts of real GDP demanded.
A) per-unit production costs fall as real GDP increases.
B) the income and substitution effects are at work.
C) changes in the determinants of AD alter the amounts of real GDP demanded at each price level.
D) decreases in the price level give rise to real-balances effects, interest-rate effects, and foreign purchases effects that increase the amounts of real GDP demanded.
Explanation
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It is not confirming that per unit price...
Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
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