Business, 20.07.2019 08:40 brae72

When prices fall and the cash balances that you hold in your wallet are worth more allowing you to purchase more with your money, then this explains why the aggregate demand curve is downward sloping. the effect that describes this phenomena is the: nominal income effect real balances effect interest rate effect foreign trade effect?

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When prices fall and the cash balances that you hold in your wallet are worth more allowing you to p...