Which of the Following Best Explains the Slope of the Aggregate

question 131

Multiple Choice

Which of the following best explains the slope of the aggregate demand curve?

• A)The aggregate demand curve slopes downward for the same reasons that market demand curves slope downward.
• B)The aggregate demand curve is vertical in the long run because people can only consume a certain maximum quantity.
• C)The aggregate demand curve is downward sloping because it shows an inverse relation between the price level and the quantity of all goods and services demanded.
• D)The aggregate demand curve is downward sloping because the more people wish to consume, the lower is the price.

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Definitions:

Middle Class

A social class between the upper and working classes, including professional and business workers and their families.

Internal Slave Trade

The buying and selling of slaves within the borders of a country, notably within the United States before the Civil War.

Southern Slaveholders

Individuals or families in the southern United States who owned and profited from the labor of enslaved African Americans before the Civil War.

Manhood

The state or period of being a man, often associated with attributes such as strength, maturity, and responsibility.