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
Q92: What is measured on the horizontal axis
Q93: When prices increase, the real interest rate
A)
Q95: The horizontal axis for an aggregate demand
Q96: The aggregate demand curve shows that, if
Q97: The real-balance effect implies that when
A) the
Q100: Aggregate demand reflects
A) planned total spending in
Q104: A rise in the price level has
Q107: Another term for the real-balance effect is
A)
Q109: One reason that the aggregate demand curve
Q110: The interest rate effect operates through
A) credit
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