Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

Which statement accounts for the downward slope of the aggregate demand curve?

  • AAs prices fall, the demand for exports becomes more elastic.
  • BAs prices fall, fewer goods are imported.
  • CAs prices fall, the rate of interest will rise.
  • DAs prices fall, real wealth rises and so spending increases.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI