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nominal value of money

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True or false and explain. "The AD schedule slopes downward because real income rises as the price level declines and everybody buys more as their real income rises."

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True.

This is from the following web-page: http://wiki.answers.com/Q/Why_does_the_aggregate_demand_curve_slope_down

The nominal ...

Solution Summary

The nominal value of money is demonstrated.

$2.19