The Aggregate Demand Curve Slopes Downward Indicating That

question 145

Multiple Choice

The aggregate demand curve slopes downward indicating that

• A)an increase in the general price level will reduce the aggregate quantity of goods and services demanded.
• B)an increase in the general price level will increase the aggregate quantity of goods and services demanded.
• C)a change in the interest rate will alter the aggregate quantity of goods and services demanded.
• D)consumers substitute between domestic-made and foreign-made goods as their relative prices change.

---

Definitions:

Seniority

The concept of giving priority or advantages in a workplace based on the length of service or time an individual has been in a position.

Reduced Earnings

A decrease in the net income that a company generates over a defined period compared to past performances.

Flexible Working Hours

Flexible Working Hours refer to work schedules that allow employees some choice in determining when they begin and end their working days, offering adaptability to meet personal needs and improve work-life balance.

Greater Absenteeism

A higher frequency of absence from work or duties, which can be an indicator of dissatisfaction, health issues, or personal problems among employees.