Multiple Choice
The aggregate demand curve is negatively sloped in part because of the impact of the:
A) wealth effect of a change in the price level on consumer spending
B) wealth effect of a change in the price level on consumer spending.
C) interest rate effect of a change in the price level on government spending
D) interest rate effect of a change in the price level on government spending.
E) stickiness of nominal wages and salaries
F) stickiness of nominal wages and salaries.
G) flexibility of nominal wages and salaries
H) flexibility of nominal wages and salaries.
Correct Answer:
Verified
Correct Answer:
Verified
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