Question: 15: The downward-sloping aggregate demand function is explained by: a) The substitution effect of a price change. b) The wealth effect of a price change.

15: The downward-sloping aggregate demand function is explained by: a) The substitution effect of a price change. b) The wealth effect of a price change. c) The interest-rate effect of a price change. d) Answers b and c. e) Answers a, b, and c

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