Suppose consumption decreases at each price level.As a result,aggregate demand __________,and the AD curve shifts __________.
A) increases; leftward
B) decreases; leftward
C) increases; rightward
D) decreases; rightward
Correct Answer:
Verified
Q23: If some of a person's wealth is
Q24: As the price level falls,
A) the purchasing
Q25: If investment changes because of a change
Q26: Aggregate demand curves are
A) downward sloping.
B) upward
Q27: One of the reasons why the AD
Q29: Part of the story of the interest
Q30: The change in the purchasing power of
Q31: As the price level falls,ceteris paribus,people holding
Q32: The real balance effect describes the change
Q33: The real balance effect helps to explain
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