Explanation:
The aggregate demand curve is downward sloping. It implies price levels are falling and the quantity of output will increase as well as the domestic income. The theories that can explain why the aggregate demand curve is downward sloping: the Pigou's wealth effect, the Keynes's interest-rate effect, and the and Mundell-Fleming's exchange-rate effect.
The correct answer is C) reduce the economic hegemony of the global north.
The emergence of the BRICS (Brazil, Russia, India, China, South Africa) countries has the potential to most likely reduce the economic hegemony of the global north.
For many years the northern hemisphere nations such as Western Europe, the United States, and Canada have dominated trade and the economic world in general.
However, experts have considered that the advent of the BRICS (Brazil, Russia, India, China, South Africa) can represent an important block to seriously compete with those northern hemisphere powers due to the size of their markets and cheap labor.
Although those BRICS countries have interesting numbers in Macroeconomy, they still have very poor people that in Microeconomics that contrasts the Macroeconomy scenario.
The degree of any angel of a sphere will always be 360
