For the US

question 144

Multiple Choice

For the U.S.economy,which of the following is the most important reason for the downward slope of the aggregate-demand curve?

• A)the wealth effect
• B)the interest-rate effect
• C)the exchange-rate effect
• D)the real-wage effect

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Definitions:

Civil Liberties

Fundamental rights and freedoms protected by the Constitution, such as freedom of speech, privacy, and equal protection under the law.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing specific freedoms and rights to American citizens.

Barron v. Baltimore

A landmark Supreme Court case in 1833 which established the principle that the Bill of Rights applied only to the federal government, not to the states.

Supreme Court

The highest federal court in the United States, with ultimate appellate jurisdiction over all U.S. federal courts and over state court cases involving issues of federal law.