Multiple Choice
Which of the following would not be an expected response from a decrease in the price level and so help to explain the slope of the aggregate-demand curve?
A) When interest rates fall, In-and-Out Convenience Stores decides to build some new stores.
B) The exchange rate falls, so French restaurants in Paris buy more Kansas beef.
C) Tyler feels wealthier because of the price-level decrease and so he decides to remodel his kitchen.
D) With prices down and wages fixed by contract, Fargo Concrete Company decides to lay off workers.
Correct Answer:

Verified
Correct Answer:
Verified
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