Which Statement Best Explains the Downward Slope of the Aggregate-Demand

question 133

Multiple Choice

Which statement best explains the downward slope of the aggregate-demand curve?

• A) As the Canadian price level increases, the dollar depreciates and people buy more imports.
• B) As the Canadian price level increases, the interest rate falls and firms invest less.
• C) As the Canadian price level increases, people feel less wealthy and buy less goods and services.
• D) As the Canadian price level increases, people buy more substitute goods.

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Definitions:

Black Soldiers

African descent military personnel who have served in various armed forces, often facing segregation, discrimination, and challenges in recognition and integration.

Frederick Douglass

An eminent figure in American history who rose from slavery to become a leading voice in the anti-slavery movement and in the promotion of civil rights for African Americans, demonstrating profound influence through his speeches and writings.

Social Equals

Individuals or groups holding similar status, rights, and opportunities in society, without discrimination or hierarchical distinctions.

Menial Labor

Unskilled manual work that is often repetitive and underpaid, typically requiring little to no formal education and performed by workers in lower socioeconomic positions.