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Author Question: Which of the following explains why the aggregate demand curve is downward sloping? A) the open ... (Read 49 times)

theo

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on: Jun 30, 2018
Which of the following explains why the aggregate demand curve is downward sloping?
 
  A) the open economy effect B) the real-balance effect
  C) the interest rate effect D) all of the above

Question 2

According to the above table, if real Gross Domestic Product (GDP) equals 30,000, what is the average propensity to consume?
 
  A) 0.75 B) 0.67 C) 0.8 D) 0.87


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frejo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


theo

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Liddy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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