There are five buyers at an online book auction with willingness to pay {$20, $25, $30, $30, $40}. what is the likely value of the winning bid? a. just over $25 b. just over $30 c. just over $35 d. just under $40

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.