Quiz72 - Question 1 The aggregate demand curve: Selected...

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Question 1 2 out of 2 points The aggregate demand curve: Selected Answer: shows the amount of real output that will be purchased at each possible price level. Correct Answer: shows the amount of real output that will be purchased at each possible price level. Question 2 2 out of 2 points The aggregate demand curve is: Selected Answer: downsloping because of the interest-rate, real-balances, and foreign purchases effects. Correct Answer: downsloping because of the interest-rate, real-balances, and foreign purchases effects. Question 3 0 out of 2 points The foreign purchases effect suggests that a decrease in the U.S. price level relative to other countries will: Selected Answer: decrease U.S. exports and increase U.S. imports. Correct Answer: increase U.S. exports and decrease U.S. imports. Question 4 2 out of 2 points The real-balances, interest-rate, and foreign purchases effects all help explain: Selected Answer: why the aggregate demand curve is downsloping. Correct Answer:
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Quiz72 - Question 1 The aggregate demand curve: Selected...

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