The statement is True. The downward slope of the aggregate demand curve is based on logic that as the price level rises, consumption, investment, and net exports all fall
The demand curve tends to slopes downward because of diminishing marginal utility and it also slopes downwards because of the substitution and income effects.
Demand alludes to the craving and the readiness to buy a commodity. The request is created by the need and need for the item which is asked by the buying power.
In The Demand Curve, the bend of the interest is descending slanting in light of the fact that as the interest ascends for the specific item in the potential market it prompts deficiency of the item.
Because of the lack of the item the costs of the item brings which results up in the abatement in the buy. In the event that the acquisition of the item diminishes, the makers will create less amount of the item.
Thus it overall leads to the decrease in the production of the output
Know more about the Demand Curve - https://brainly.com/question/27878333
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