Aggregate demand shows the relationship between
A) the rate of inflation and the level of imports.
B) the interest rate and the level of exports.
C) the price level and the level of real output.
D) the level of real cash balances and wages.
Correct Answer:
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Q3: The slope of the aggregate demand curve
Q4: The aggregate demand curve slopes
A) down.
B) up.
C)
Q5: According to the real-balance effect, an increase
Q6: The real-balance effect partially explains
A) the downward
Q7: Holding nominal money balances constant, a decrease
Q9: A fall in the price level
A) increases
Q10: Which of the following is true about
Q11: The aggregate demand curve would shift to
Q12: The U.S. aggregate demand curve would shift
Q13: The aggregate demand curve
A) tells us what
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