The aggregate demand curve sloping downward can be explained in part through:

A. the wealth effect.
B. the negative relationship between the price level and government spending.
C. the positive relationship between the price level and net exports.
D. All of these are true.

A. the wealth effect.

Economics

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In general, economists assume that firms

A. maximize economic profit. B. maximize sales. C. maximize revenue. D. maximize accounting profit.

Economics

What is the definition of the output gap?

What will be an ideal response?

Economics