The second reason for the downward slope of the aggregate demand curve is Keynes's interest-rate effect. Recall that the quantity of money demanded is dependent upon the price level. That is, a high price level means that it takes a relatively large amount of currency to make purchases.
Elision. Elision is a process where one or more phonemes are âdroppedâ, usually in order to simplify the pronunciation. It may occur for both vowels and consonants, although it is much more common for consonants.
Example Sentences for elision. The elision is not a happy one, and the mere suppression of the and does not produce a satisfying line. What has been said about syncope applies also to the relative spheres of elision and hiatus. The reason for its elision current in Alaska is too contemptible to be referred to further.