Which of the following does NOT explain the slope of the aggregate-demand curve?
A) When interest rates fall, Sleepwell Hotels decides to build some new hotels.
B) The exchange rate falls, so French restaurants in Paris buy more Canadian beef.
C) Janet feels wealthier because of the price drop, so she decides to remodel her bathroom.
D) With prices down and wages fixed by contract, Gatekeeper Computers decides to lay off workers.
Correct Answer:
Verified
Q1: According to the theory of liquidity preference,
Q3: Which of the following is the most
Q4: For the Canadian economy, which of the
Q6: Which of the following is NOT a
Q13: If expected inflation is constant and the
Q13: According to liquidity preference theory, when would
Q17: According to liquidity-preference theory, what is the
Q19: What is the difference between the effects
Q20: Over what period of time is the
Q36: What does liquidity refer to?
A) the relation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents