What Does the Downward Slope of the Aggregate-Demand Curve Show

question 194

Multiple Choice

What does the downward slope of the aggregate-demand curve show?

• A) that an increase in the money supply causes the aggregate quantity of goods and services demanded to increase
• B) that an increase in the money supply causes the aggregate quantity of goods and services demanded to decrease
• C) that an increase in the price level causes the aggregate quantity of goods and services demanded to increase
• D) that an increase in the price level causes the aggregate quantity of goods and services demanded to decrease

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Definitions:

Websites

Websites are collections of related web pages, including multimedia content, typically identified with a common domain name, and published on at least one web server.

Probability

A measure of the likelihood that a certain event will occur, often expressed as a number between 0 and 1, where 0 means impossibility and 1 signifies certainty.

Fraudulent Use

The wrongful or criminal deception intended to result in financial or personal gain by using something in a dishonest way.

Credit Cards

Payment cards issued by financial institutions that allow cardholders to borrow funds with which to pay for goods and services with the promise to repay the loan along with any agreed-upon fees.