Which of the Following Is a Reason Why the Aggregate

question 17

Multiple Choice

Which of the following is a reason why the aggregate demand curve slopes downward?

• A)At a higher price level,fewer goods and services are available.
• B)Periods when the price level is rising are usually times of swift declines in economic activity.
• C)Households feel poorer with an increase in average prices.
• D)If the U.S.price level rises,foreigners will buy more U.S.goods,leaving fewer U.S.goods for domestic consumers.
• E)As the price level rises,business leaders become pessimistic about the future and reduce production.

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Definitions:

Clique

A small, exclusive group of individuals who share interests, views, or status, often within a larger social setting like a school.

Crowd

A large number of individuals gathered together, often with a common purpose or intent.

Basic Growth Tendencies

The fundamental patterns or directions that development and growth typically follow in organisms.

Genetically Wired

Predetermined or influenced by one's genetic makeup or DNA.