Which of the following is not a reason for the aggregate demand curve to be downward sloping?
A) Foreign purchases effect
B) Interest rate effect
C) Real balance effect
D) Diminishing marginal utility
Correct Answer:
Verified
Q6: When domestic prices rise
A)people buy fewer imported
Q7: The interest rate effect, the real balance
Q8: When domestic prices rise
A)the buying power of
Q9: The rationale for exchange rates determining AD
Q10: Any event that creates a "crisis in
Q12: When domestic prices rise
A)people buy fewer imported
Q13: The rationale for interest rates determining AD
Q14: An increase in government spending will cause
A)AD
Q15: The aggregate demand curve is downward sloping
Q16: An increase in taxes will cause
A)AD to
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