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List the Three Reasons for Why the Aggregate-Demand Curve Slopes

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Essay

List the three reasons for why the aggregate-demand curve slopes downward.


Definitions:

Factor

An element or constituent that contributes to a result or outcome.

Population Means

The average value of a characteristic in a population, and a parameter that is often estimated from sample data.

ANOVA

Analysis of Variance, a statistical method used to compare means of three or more samples, testing the hypothesis that all samples are taken from populations with the same mean.

Equal Variances

A statistical assumption that the variances of the items being compared are the same across all levels or groups.

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