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1.The aggregate demand curve is downward-sloping because of the: a)Wealth effect. b)Exchange rate effect. c)Interest-rate effect. d)All of the above. e) Only a & c

1.The aggregate demand curve is downward-sloping because of the:

a)Wealth effect.

b)Exchange rate effect.

c)Interest-rate effect.

d)All of the above.

e) Only a & c above.

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