The Aggregate Demand Curve Slopes Downward

question 93

Multiple Choice

The aggregate demand curve slopes downward
I. for the same reasons that an ordinary demand curve does.
II. in part because when the price level falls, the real wealth of the public falls, and this induces people to change their consumption.
III. because as the price level falls, the net export component of aggregate demand increases.

• A) I, II, and III
• B) II and III
• C) II only
• D) III only

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A performance metric that measures the proportion of production time that is actually spent on value-added activities.

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Required Rate Of Return

The minimum percentage return that an investor expects to receive from an investment.