67. Which of the following statements are accurate? I. The aggregate demand curve is downward-sloping because of
Question:
67. Which of the following statements are accurate?
I. The aggregate demand curve is downward-sloping because of the interest-rate effect.
II. The aggregate demand curve is downward-sloping because of the wealth effect.
III. The aggregate demand curve is downward-sloping because of the exchange-rate effect.
A. I only B. I and II only C. I, II, and III D. II only
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