All of the following explain the downward slope of the


All of the following explain the downward slope of the aggregate demand curve EXCEPT

a. the effect of changing interest rates on the quantity demanded of interest-rate-sensitive goods.

b. the presence of unused production capacity and unemployment.

c. changes in the stock of real wealth held by individuals.

d the availability of foreign substitute goods.

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Business Economics: All of the following explain the downward slope of the
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