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CLEP Principles of Macroeconomics Exam Prep

Category - Macroeconomics

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The aggregate demand curve slopes downward for the following reasons except:

Wealth
Inflation
Interest rate
Exchange rate

Explanation

Answer - B - The aggregate demand curve slopes downward due to wealth, interest rate, and exchange rate.

Key Takeaway: The aggregate demand curve slopes downward due to the effects of wealth, interest rates, and exchange rates. For example, income levels and disposable rates are important in consumption demands.

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