Business
Business, 28.05.2021 01:50, lemoali12

Which of the following are reasons the aggregate demand curve is downward sloping? Check all that apply. A higher price level makes domestically produced goods more expensive than foreign goods. A lower price level increases consumption through the income effect. A lower price level leads to a lower interest rate. As the aggregate price level rises, the purchasing power of households' saving balances will , causing the quantity of output demanded to . This phenomenon is known as the effect.

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Which of the following are reasons the aggregate demand curve is downward sloping? Check all that ap...

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