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:

Virginia Company

An English joint-stock company established in 1606 by King James I with the purpose of establishing colonial settlements in North America.

Immigrants

Individuals who move from one country to another with the intention of settling in the new country, often in search of better living conditions or job opportunities.

Narragansett Sachem

A leader or chief of the Narragansett, a Native American tribe located in the northeastern United States, particularly in the Rhode Island region.

Miantonomi

A notable leader of the Narragansett Native American tribe in the 17th century, involved in various alliances and conflicts during early colonial American history.