Which of the following are reasons that the aggregate, Ask an Expert

Economics

Which of the following are reasons that the aggregate demand curve slopes downward? Check all that apply.

a. As the price level rises, households' real wealth decreases.

b. As the price level rises, imports become relatively more expensive than domestically produced goods.

c. As the price level rises, households' real income increases.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91865033

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