The _____ effect and the _____ effect can help explain the downward slope of the aggregate demand curve.
A) interest rate; substitution
B) substitution; real wealth
C) interest rate; foreign trade
D) foreign trade; substitution
Correct Answer:
Verified
Q1: The _ effect does NOT explain the
Q3: An economy's _ is measured along the
Q4: Aggregate demand includes the demand for all
Q5: According to the interest rate effect, a
Q6: According to the interest rate effect, when
Q7: According to the foreign trade effect, when
Q8: According to the real wealth effect, a
Q9: Which of the following will decrease aggregate
Q10: Which of the following will increase aggregate
Q11: When all else is equal, an increase
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