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.
Expectations not exceptions
My momma said the second one “citizens relative ability to purchase goods
Two word phrases are:
1. The sum of 8 and b.
2. b plus eight.
