Question: Why is the aggregate demand curve downsloping? Specify how your explanation differs from the explanation for the downsloping demand curve for a single product. What

Why is the aggregate demand curve downsloping? Specify how your explanation differs from the explanation for the downsloping demand curve for a single product. What role does the multiplier play in shifts of the aggregate demand curve?

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The aggregate demand AD curve shows that as the price level drops purchases of real domestic output increase The AD curve slopes downward for three re... View full answer

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