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Home Q & A Board Other Fields Homework Help Business Economics
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be beautiful be beautiful
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4 years ago
Which one of the following does NOT explain why the AD curve slopes downwards?

▸ As the price level falls, people will save more in order to protect the real value of their savings.

▸ A lower price level increases the competitiveness of the country's exports.

▸ A lower price level increases the real money supply.

▸ A lower price level increases the relative price of imports.

▸ As the price level falls, the real value of money balances held increases. This increases the real purchasing power of consumers.
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Essential Economics for Business

Essential Economics for Business


Edition: 5th
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Antoinette12Antoinette12
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