ECN 204

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Ryerson University Department of Economics ECN 204 Final Exam Winter 2016 Version One Duration: 2 Hours Name__________________________ Student #________________________________ Select the BEST answer and record it both on the test and the scanner sheet. 1) The aggregate demand curve: a) is upward sloping because a higher price level is necessary to make production profitable as production costs rise. b) is downward sloping because production costs decline as real output increases? c) ...