Solved

One Reason That the Aggregate Demand Curve Has a Negative

Question 149

Multiple Choice

One reason that the aggregate demand curve has a negative slope is because


A) people buy more foreign goods when the domestic price level rises.
B) firms supply less when prices rise.
C) firms supply more when prices rise.
D) the amount of money in the economy increases when the price level rises.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above

Q144: Which of the following events will increase

Q145: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -In the above

Q146: All of the following shift the LAS

Q147: The intertemporal substitution effect refers to the

Q148: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -In the above

Q150: Technological progress will<br>A)shift the SAS curve rightward

Q151: According to the intertemporal substitution effect, when

Q154: The aggregate demand curve shows<br>A) the quantity

Q154: The long- run aggregate supply curve is