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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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    https://brainmass.com/economics/macroeconomics/nominal-value-of-money-256607

    Solution Preview

    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