"The aggregate demand curve is negatively sloped because as the price level falls, goods become relatively less expensive. As a result, people buy more goods and services." Is this statement correct? Defend your answer.

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The Answer of "The aggregate demand curve is negatively sloped because as the price level falls, goods become relatively less expensive. As a result, people buy more goods and services." Is this statement correct? Defend your answer.

"The Aggregate Demand Curve Is Negatively Sloped Because as the Price