The Aggregate Demand Curve Slopes Downward Because

question 104

Multiple Choice

The aggregate demand curve slopes downward because

• A) as price rises,consumers substitute cheaper goods for more expensive goods.
• B) all demand curves slope downward.
• C) a higher price level increases purchasing power.
• D) a higher price level increases exports.
• E) a higher price level reduces wealth.

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Definitions:

Synthesize

To combine simpler substances chemically to form a more complex substance, often used in reference to the production of chemical compounds in a laboratory.

Organic Product

A compound that contains carbon atoms, typically formed as a result of organic reactions involving organic molecules or reagents.

Major

Pertaining to the dominant or most abundant product or outcome in a chemical reaction.

Structure

The arrangement of atoms within a molecule that defines its shape, properties, and reactivity.