Which Statement Does NOT Accurately Explain the Slope of the Aggregate-Demand

question 90

Multiple Choice

Which statement does NOT accurately explain the slope of the aggregate-demand curve?

• A) When interest rates fall, Phil decides to buy some new farm equipment.
• B) The exchange rate falls, so Americans import more wheat from Canada.
• C) Jake feels wealthier because of the price drop, so he decides to buy a new pick-up truck.
• D) With prices down and wages fixed by contract, Rocky's gravel pit decides to lay off workers.

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Definitions:

Motivational Orientations

Refers to the driving forces behind a person's actions or behaviors, which can vary from intrinsic motivation, driven by internal rewards, to extrinsic motivation, driven by external rewards.

Self-Determination

A concept in psychology that refers to individuals' ability to make choices and manage their own lives.

Conscious Attention

The deliberate and aware focusing of one's awareness or mental effort on a specific object, task, or sensation.

Deliberative Effort

The mental exertion required to carefully consider options, make decisions, or solve problems, implying conscious and thoughtful endeavor.