One of the Reasons Why the Aggregate Demand (AD)curve Slopes

question 108

Multiple Choice

One of the reasons why the aggregate demand (AD) curve slopes downward is that

• A)aggregate expenditure increases as the price level rises.
• B)decreases in the price level cause increases in private-sector wealth which lead to increases in desired consumption.
• C)increased production results in lower production costs.
• D)when the price level falls firms must be more competitive when output increases.
• E)when the price level falls consumers increase their saving rate.

Analyze legal issues related to anticompetitive practices, including territory allocation, price discrimination, and boycotts.

Examine monopoly power, market share, and the impact on antitrust laws.

Explore the role and functions of the Federal Trade Commission (FTC) in regulating business practices.

Understand the implications of the Clayton Act on supply discrimination, tying contracts, mergers, and interlocking ties.

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