The aggregate-demand curve slopes downward because a fall in the price level causes a. real wealth to

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The aggregate-demand curve slopes downward because a fall in the price level causes

a. real wealth to decrease.

b. the interest rate to decline.

c. the currency to appreciate.

d. all of the above.

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Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

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