Question: Why the aggregate demand curve slopes downward The graph below shows the aggregate demand ( AD ) curve for a hypothetical economy. At point x

Why the aggregate demand curve slopes downward
The graph below shows the aggregate demand (AD) curve for a hypothetical economy. At point x, the quantity of output demanded is $500 billion, and the price level is 120. Moving up along the AD curve from point x to point Y, the quantity of output demanded falls to $300 billion, and the price level rises to 140.
Why the aggregate demand curve slopes downward

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