Which of the following sequences best explains the negative slope of the aggregate-demand curve?
a. price level ? ? demand for money ? ? equilibrium interest rate ? ? quantity of goods and services demanded ?
b. price level ? ? demand for money ? ? equilibrium interest rate ? ? quantity of goods and services demanded ?
c. price level ? ? demand for money ? ? equilibrium interest rate ? ? quantity of goods and services demanded ?
d. price level ? ? equilibrium interest rate ? ? demand for money ? ? quantity of goods and services demanded ?
c
You might also like to view...
The dual mandate of the Federal Reserve System is to maintain ________
A) exchange rate and price stability B) price stability and maximum sustainable employment C) maximum sustainable employment and GDP growth D) GDP growth and exchange rate stability
According to Keynes, the primary determinant of a person's saving is NOT
A) the person's level of income but the desired real income of the person. B) the person's level of savings but the expected interest rate in the near future. C) the interest rate but the level of savings the person has. D) the interest rate but the level of the person's real disposable income.