For the U.S. economy, the most important reason for the downward slope of the aggregate-demand curve is the interest-rate effect.
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Q2: The theory of liquidity preference was developed
Q3: Other things the same, an increase in
Q4: When the Fed increases the money supply,
Q5: Monetary policy and fiscal policy are the
Q6: An increase in the price level shifts
Q7: An increase in the money supply shifts
Q8: For the most part, fiscal policy affects
Q9: When the Fed announces a target for
Q10: Both monetary policy and fiscal policy affect
Q11: Stock prices often rise when the Fed
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