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The aggregate demand curve slopes downward because:
a. as price rises, consumers substitute cheaper goods for more expensive goods.
b. all demand curves slope downward.
c. a higher price level will increase purchasing power.
d. a higher price level will increase exports.
e. a higher price level reduces wealth.
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A movement downward and to the right along a demand curve is called a(n)
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A brewery is considering two potential production investments.
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