Question: According to the class, why does the AD curve have a negative slope? Group of answer choices When P rises, people substitute away from more
According to the class, why does the AD curve have a negative slope? Group of answer choices When P rises, people substitute away from more expensive goods and services so AD decreases When P rises, the purchasing power of income falls so AD decreases When P rises, G decreases which means AD decreases When P rises, the supply of money shifts left so r falls so AD decreases Because your instructor says so
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