The aggregate demand curve slopes: O A. upward, unlike an ordinary demand curve. O B. downward in part because when the price level falls, the real wealth of the public rises, and this induces people to change their consumption. C. downward in part because as the price level falls, the ability of households and firms to borrow cheaply falls. O D. downward for the same reasons that an ordinary demand curve does.

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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The aggregate demand curve slopes:
A. upward, unlike an ordinary demand curve.
O B. downward in part because when the price level falls, the real wealth of the public rises, and this induces people to change their consumption.
OC. downward in part because as the price level falls, the ability of households and firms to borrow cheaply falls.
D. downward for the same reasons that an ordinary demand curve does.
Transcribed Image Text:The aggregate demand curve slopes: A. upward, unlike an ordinary demand curve. O B. downward in part because when the price level falls, the real wealth of the public rises, and this induces people to change their consumption. OC. downward in part because as the price level falls, the ability of households and firms to borrow cheaply falls. D. downward for the same reasons that an ordinary demand curve does.
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