Multiple Choice
The aggregate demand curve is downward-sloping because,other things being equal,
A) People buy fewer goods and services at lower average incomes.
B) People buy more goods and services at lower average prices.
C) A higher average price level will induce producers to offer more output than otherwise.
D) People buy more goods and services at higher average prices.
Correct Answer:
Verified
Correct Answer:
Verified
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