Answer to Question #185993 in Macroeconomics for joe

Question #185993

There are three possible explanations for a downward sloping aggregate demand curve. Which of the following is not one of those three explanations?

Select one:

a. The wealth effect.

b. The catch up effect.

c. The real exchange rate effect.

d. The interest rate effect.

Expert's answer

b. The catch up effect.

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