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.
nounWord forms: plural Ëlions or Ëlion. 1. a large, powerful cat (Panthera leo), found in Africa and SW Asia, with a tawny coat, a tufted tail, and, in the adult male, a shaggy mane: in folklore and fable the lion is considered king of the beasts.