The aggregate demand curve slopes downward because: a as price rises, consumers substitute cheaper goods for more expensive goods. b a higher price level reduces wealth. c all demand curves slope downward. d a higher price level will increase purchasing power. e a higher price level will increase exports.

Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery

You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $23,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $23,000 annuity? use appendix c and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods.