1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet [91]
3 years ago
11

An economics student makes the following​ statement: ​"It's easy to understand why the aggregate demand curve is downward​ slopi

ng: When the price level​ increases, consumers substitute into less expensive​ products, thereby decreasing total spending in the​ economy." This statement is false because the aggregate demand curve is
Business
1 answer:
Luda [366]3 years ago
3 0

Answer:

The aggregate demand curve is downward sloping because when the general level of price rise; the real wealth of consumers will decline (with a certain amount of money you end up buying less goods), the interest rates will increase (as inflation increases, interest rates also increase), and the price of exported goods increases (as the general price of goods increase, the production of goods will also become more expensive).

You might be interested in
Which of the following statements is CORRECT? a. Suppose some of a publicly-traded firm's stockholders are not diversified; they
ivolga24 [154]

B is the answer

Because it was right

6 0
3 years ago
What is a personal value? Help
Nataly_w [17]

Answer:

A.

brainliest if correct please!!!!!!

Explanation:

5 0
4 years ago
Read 2 more answers
Rainey Enterprises loaned $20,000 to Small Co. on June 1, 2018, for one year at 6 percent interest. Required Show the effects of
kari74 [83]

Answer:

See explanation

Explanation:

See the image below:

3 0
3 years ago
Steve owns a bike store. his total costs are $1.2 million per year. last year, steve sold 1,200 bikes. steve's average total cos
rjkz [21]
Steve owns a bike store, his total costs are $1.2 million per year. Last year, Steve sold 1,200 bikes. Steve's average total cost was $1,000 per bike.

To solve: take the total costs of $1.2 million and divide it by the number of bikes sold, $1,200
Average total cost = 1,200,000/1,200
Average total cost = $1,000
4 0
3 years ago
As a pharmacist in your community, you are concerned with the level of service provided to those in need at odd hours and after
umka2103 [35]

I guess the correct answer is Making products and counseling available when consumers need them.

In the fact that you are concerned with the level of service provided to those in need at odd hours and after hours and in the neighborhoods where such extended service is needed, then your our concerns are centered on making products and counseling available when consumers need them.

3 0
3 years ago
Other questions:
  • On May 1, Mary's Morsels provided catering services at a wedding. The bride is billed $4,000 and will pay during the following m
    9·1 answer
  • Survey data can be collected with questionnaries. Which type of question has a limited number of preselected responses?
    12·1 answer
  • Which of the following is most likely to be considered a profit center?
    10·1 answer
  • The average cost of tuition and room and board at a small private liberal arts college is reported to be $8,500 per term, but a
    8·1 answer
  • ​_____ is a situation in which a country does not trade with other countries. the​ _____ is the ratio at which a country can tra
    6·1 answer
  • Mary, a real estate agent, buys for herself a property that her principal, Karen, wanted to buy. If Mary is aware that Karen wan
    9·1 answer
  • The three major types of economic systems are ________.
    14·1 answer
  • Broker A is involved in an exclusive right to sell listing with his seller client, Seller S. After receiving the property condit
    5·1 answer
  • On November 1, 2021, Horton Company purchased Lopez, Inc., 10-year, 9%, bonds with a face value of $800,000, for $720,000. An ad
    6·1 answer
  • Show the effect of each transaction on the three basic accounting elements by indicating the dollar amount of the increase or de
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!