The General Shape of an Aggregate Demand Curve Is

question 2

Multiple Choice

The general shape of an aggregate demand curve is

• A) downward sloping because of financial factors.
• B) downward sloping because higher prices mean lower quantities demanded.
• C) upward sloping because higher prices elicit greater output.
• D) vertical because potential GDP is defined by capacity and labor availability.
• E) a and b.

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Definitions:

Ethical Guideline

Standards that outline the principles and rules of conduct for research or professional practice, ensuring the protection and respect of all participants and stakeholders.

American Psychological Association

A professional organization representing psychologists in the United States, focused on advancing psychology as a science and profession.

Informed Consent

A process ensuring that a participant is fully aware of all aspects of a study, including potential risks, before agreeing to participate.

Conditioning

A learning process in which an individual's behavior becomes dependent on the occurrence of a stimulus in its environment.