The Aggregate Demand line slopes down for a few reasons, one of which is ... Group of answer choices a. When consumers feel prices going up the purchase more b. When price levels go up, it reduces the purchasing power of savings c. When price levels go up, it increases the purchasing power of savings d. When suppliers feel prices going up the supply more

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter24: The Aggregate Demand/aggregate Supply Model
Section: Chapter Questions
Problem 3SCQ: The short run aggregate supply curve was constructed assuming that as the price of outputs...
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The Aggregate Demand line slopes down for a few reasons, one of which is ...
Group of answer choices
a. When consumers feel prices going up the purchase more
b. When price levels go up, it reduces the purchasing power of savings
c. When price levels go up, it increases the purchasing power of savings
d. When suppliers feel prices going up the supply more
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