Which Statement Does NOT Accurately Explain the Slope of the Aggregate-Demand

question 179

Multiple Choice

Which statement does NOT accurately explain the slope of the aggregate-demand curve?

• A) When interest rates fall,Sleepwell Hotels decides to build some new hotels.
• B) The exchange rate falls,so French restaurants in Paris buy more Canadian beef.
• C) Janet feels wealthier because of the price drop,so she decides to landscape her backyard.
• D) With prices down and wages fixed by contract,Safe Well Servicing decides to lay off workers.

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Definitions:

Hierarchy Of Goals

A prioritized structure of objectives, ranging from the most immediate and individual to the broad and long-term.

Planning Fallacy

The tendency to underestimate how much time is needed to complete a task, leading to overly optimistic time estimations.

Optimistic Mindset

A mental attitude characterized by hope and confidence in success and positive outcomes.

Proximal Goals

Short-term objectives or milestones that are set as steps leading towards a longer-term goal.