Which of the following explains why the aggregate demand curve slopes downward?
a. if the price level increases, we feel poorer and therefore buy less
a. if the price level increases, we feel richer and therefore buy more.
c. if domestic prices increase, we substitute domestic goods for imported ones.
d. if the price of a particular good increases, we substitute that good with a different one.
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Which of the following explains why the aggregate demand curve slopes downward?
a. if the pr...
a. if the pr...
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