Q9 One reason that the aggregate demand curve has a negative slope is because Select one: a. firms produce more when the price rises. b. people buy fewer goods and save more when the price level rises because their real wealth decreases. c. The premise of the question is wrong because the aggregate demand curve has a positive slope. d. people earn more money when output rises.
Q9 One reason that the aggregate demand curve has a negative slope is because Select one: a. firms produce more when the price rises. b. people buy fewer goods and save more when the price level rises because their real wealth decreases. c. The premise of the question is wrong because the aggregate demand curve has a positive slope. d. people earn more money when output rises.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Q9
One reason that the aggregate demand curve has a negative slope is because
Select one:
a. firms produce more when the price rises.
b. people buy fewer goods and save more when the price level rises because their real wealth decreases.
c. The premise of the question is wrong because the aggregate demand curve has a positive slope.
d. people earn more money when output rises.
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