Multiple Choice
The wealth effect,interest rate effect,and international trade effect all explain why the:
A) aggregate demand (AD) curve has a negative slope.
B) AD curve has a positive slope.
C) aggregate supply (AS) curve has a positive slope.
D) AS curve has a negative slope.
E) price level and real gross domestic product (GDP) are unrelated.
Correct Answer:
Verified
Correct Answer:
Verified
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