Business, 14.04.2020 15:48, AaronEarlMerringer

Explain why the following statements are false.1."The aggregate-demand curve slopes downward because it is the horizontal sum of the demand curves for individual goods."2."The long-run aggregate-supply curve is vertical because economic forces do not affect long-run aggregate supply."3."If firms adjusted their prices every day, then the short-run aggregate-supply curve would be horizontal."4."Whenever the economy enters a recession, its long-run aggregate-supply curve shifts to the left."

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Explain why the following statements are false.1."The aggregate-demand curve slopes downward because...