Tobias, a classic car enthusiast in phoenix, occasionally offers for sale one of his classic automobiles at the barrett-jackson collector car auction in neighboring scottsdale. in january 2016, tobias put a 1929 cadillac 341b in the auction and sold it to a buyer in riyadh, saudi arabia for $167,500. what part, if any, of this transaction will be included as a part of u. s. gdp in 2016?

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.