Multiple Choice
The aggregate demand curve is downward sloping because,ceteris paribus:
A) People are willing and able to buy more goods and services at lower average prices.
B) People buy fewer goods and services at lower average incomes.
C) A higher average price level induces producers to offer more output.
D) A higher average price level causes incomes to increase.
Correct Answer:
Verified
Correct Answer:
Verified
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