Which of the following is NOT a reason for the slope of the aggregate demand curve?
A) the substitution effect
B) the real balance effect
C) the interest rate effect
D) the open-economy effect
Correct Answer:
Verified
Q79: Economic growth can be shown by
A) a
Q80: The long-run aggregate supply curve is
A) U-shaped.
B)
Q81: The total level of all planned expenditures
Q82: According to the real-balance effect, the value
Q83: The aggregate demand curve is usually
A) vertical.
B)
Q85: According to the interest rate effect, an
Q86: The vertical axis for an aggregate demand
Q87: The real-balance effect refers to
A) the economy's
Q88: At each price level, the aggregate demand
Q89: The interest rate effect implies that
A) the
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