Which statements accurately explain the slope of the aggregate-demand curve? (choose all statements that are correct) O The Canadian exchange rate depreciates, so Americans import more wheat from Canada O with a sharp increase in the consumer price index, there is a surge in demand for durable goods before their prices rise even fur O A rise in the rate of interest on Ahmed's saving account makes him feel wealthier so he invests in a new office computer O When the Euro appreciates against the Canadian dollar, Canadians shift some of their demand for services to imports from Europe O When interest rates fall, Jennifer decides to buy some new farm equipment O with prices down and wages fixed by contract, Rocky's gravel pit decides to lay off workers OJake feels wealthier because of the price drop, so he decides to buy a new pick-up truck

Which statements accurately explain the slope of the aggregate-demand curve? (choose all statements that are correct) O The Canadian exchange rate depreciates, so Americans import more wheat from Canada O with a sharp increase in the consumer price index, there is a surge in demand for durable goods before their prices rise even fur O A rise in the rate of interest on Ahmed's saving account makes him feel wealthier so he invests in a new office computer O When the Euro appreciates against the Canadian dollar, Canadians shift some of their demand for services to imports from Europe O When interest rates fall, Jennifer decides to buy some new farm equipment O with prices down and wages fixed by contract, Rocky's gravel pit decides to lay off workers OJake feels wealthier because of the price drop, so he decides to buy a new pick-up truck

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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