The Aggregate Demand Curve Has a Slope of -1,so That

question 54

True/False

The aggregate demand curve has a slope of -1,so that a one-percentage point reduction in inflation contributes to a one-percentage point increase in real GDP growth,other things equal.

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Risk Averse

A behavioral tendency to prefer avoiding losses over acquiring equivalent gains.

Present Value

The worth at present of an anticipated future cash amount or stream of payments, considering a particular rate of return.

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