The Aggregate Demand Curve Slopes Downward Because of the Real

question 167

True/False

The aggregate demand curve slopes downward because of the real balances,interest-rate,and net exports effects.

---

Definitions:

Logic

The study of principles of reasoning, especially of the structure of propositions and the nature of deductive inference.

Validity

The quality of being logically or factually sound; the extent to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.

Truth

The quality or state of being in accordance with fact or reality; it is often considered to be the ultimate standard by which reality is judged.

Hypothetical Syllogism

A deductive argument that contains two premises, at least one of which is a conditional statement.