why does aggregate demand slopes downwards according to the intrest rate effect?
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why does aggregate demand slopes downwards according to the intrest rate effect?
the process of food making by plant is called photosynthesis
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The aggregate demand curve represents the total of consumption, investment, government purchases, and net exports at each price level in any period. It slopes downward because of the wealth effect on consumption, the interest rate effect on investment, and the international trade effect on net exports.
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