Solved

The Aggregate Demand Curve Is Negatively Sloped Because

Question 69

Multiple Choice

The aggregate demand curve is negatively sloped because:


A) higher prices cause a substitution of foreign goods for domestic goods.
B) higher prices will erode the value of financial assets that have values fixed in dollar terms.
C) higher prices will lead to an increase in interest rates.
D) All of the above.

Correct Answer:

verifed

Verified

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

Related Questions