Which of the following does not explain why the aggregate demand curve has a downward slope?

Show Answers

The effect of exchange ratesThe impact of changes in wealthThe concept of classical dichotomy or monetary neutralityThe influence of interest rates

Explanation

The aggregate demand curve slopes downward due to the exchange-rate effect, the wealth effect, and the interest-rate effect. However, the classical dichotomy or monetary neutrality does not contribute to this downward slope.