Question: 1, When the price level falls, people's wealth increases. When wealth increases, the real volume of consumption increases. Therefore, a decrease in the price level

1, When the price level falls, people's wealth increases. When wealth increases, the real volume of consumption increases. Therefore, a decrease in the price level will cause the aggregate demand curve to shift to the right." Do you agree? Explain.

2, Suppose nominal wages never changed. What would be the significance of such a characteristic?

3, Give three reasons for the downward slope of the aggregate demand curve.

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