To state: The reasons for the slopes of aggregate
Explanation of Solution
The aggregate demand curve shows the relationship of the real domestic output with the price level. The curve shows an inverse relationship. As with the decrease in price level of goods in an economy, more is the quantity of output, the slope goes downward. The movement of the curve depicts the change in the quantity demanded.
The
Introduction:
Aggregate demand- The aggregate demand is the total of all planned expenditures that are made in an economy. As the prices of products vary from one another, this cannot be related to individual prices rather it is related to the price level.
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