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8. Which statement is NOT a reason the aggregate-demand curve slopes downward? (2 marks) a) As the price level increases, real wages decline. b) As

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8. Which statement is NOT a reason the aggregate-demand curve slopes downward? (2 marks) a) As the price level increases, real wages decline. b) As the price level increases, real wealth declines. c) As the price level increases, the interest rate increases. (1) As the price level increases, the exchange rate increases. |

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