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The International Effect Explanation of the Downward Slope of the AD

question 143

Multiple Choice

The international effect explanation of the downward slope of the AD operates through which component of aggregate demand?

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Definitions:

Standard Form

A way of writing down very large or very small numbers conveniently, also specifically referring to the general representation of a linear equation as Ax + By = C.

Multiply

A mathematical operation that combines two quantities to produce a product.

Standard Form

A way of writing numbers, especially large numbers, by expressing them as a power of ten, or, in algebra, a way of writing equations.

Multiply

The operation of adding a number to itself a certain number of times, equivalent to repeated addition.

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