Question
In a similar way like individual demand curve, the aggregate demand curve slopes downward because when the price level is lower, people are able to
In a similar way like individual demand curve, the aggregate demand curve slopes downward because when the price level is lower, people are able to buy more and aggregate demand climbs. When prices go up, people buys less and aggregate demand reduces. Do you agree with this justification of the shape of the AD curve? Why or why not?
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Essentials Of Business Law
Authors: Jeffrey F Beatty, Susan S Samuelson
3rd Edition
0324537123, 9780324537123
