Asked by Emily Esparza on Jun 25, 2024
Verified
List the three reasons for why the aggregate-demand curve slopes downward.
Aggregate-Demand Curve
A graph that shows the relationship between the overall price level and the total demand for goods and services in an economy.
- Explain the factors contributing to the inclination of the aggregate demand curve.
Verified Answer
AM
Abhay ManojJul 01, 2024
Final Answer :
The wealth effect, the interest-rate effect, and the exchange-rate effect.
Learning Objectives
- Explain the factors contributing to the inclination of the aggregate demand curve.