Which of the following is not a reason for the downward slope of the aggregate demand curve? As the price level decreases, the quantity demanded of real GDP increases. O As the price level decreases, American products are more attractive than imports, so their aggregate quantity increases. O As the price level decreases, the purchasing power of dollar decreases, so aggregate demand increases. O As the price level decreases, interest rates decrease, so consumption increases.
Which of the following is not a reason for the downward slope of the aggregate demand curve? As the price level decreases, the quantity demanded of real GDP increases. O As the price level decreases, American products are more attractive than imports, so their aggregate quantity increases. O As the price level decreases, the purchasing power of dollar decreases, so aggregate demand increases. O As the price level decreases, interest rates decrease, so consumption increases.
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter33: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 4CQQ
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![Which of the following is not a reason for the downward slope of the aggregate demand curve?
As the price level decreases, the quantity demanded of real GDP increases.
O As the price level decreases, American products are more attractive than imports, so their aggregate quantity
increases.
O As the price level decreases, the purchasing power of dollar decreases, so aggregate demand increases.
O As the price level decreases, interest rates decrease, so consumption increases.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F61752daf-e301-49fd-b9d1-8ae1f71e05c4%2F6f1a530c-cd5b-4e10-8425-f44eb662b692%2Fnjzodq8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following is not a reason for the downward slope of the aggregate demand curve?
As the price level decreases, the quantity demanded of real GDP increases.
O As the price level decreases, American products are more attractive than imports, so their aggregate quantity
increases.
O As the price level decreases, the purchasing power of dollar decreases, so aggregate demand increases.
O As the price level decreases, interest rates decrease, so consumption increases.
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