Answered: Answer Bank the export effect the…

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Answer Bank the export effect the wealth effect the aggregate demand effect the interest rate effect

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Classical Macroeconomics And The Self Regulating Economy

Section9.3: The Self Regulating Economy

Problem 3ST

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Question

Match the cause for the negatively sloped aggregate demand curve with the correct term. image has answer bank

As prices rise, the cost for businesses to finance new equipment increases, causing a drop in quantity demanded of real GDP.

The purchasing power of money held in savings accounts falls as prices rise.

As prices rise in the United States, foreigners purchase fewer U.S. goods.

Answer Bank
the export effect
the wealth effect
the aggregate demand effect
the interest rate effect

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