The aggregate demand curve can be derived from the aggregate expenditures model as indicated by the fact that Multiple Choice an increese in the orice level shifts the aggregate expencitures schedule upward end increases real GDP adecrease in the price level shits the aggregate expencitures schedule downward and decreases real GDP edecieose in the price level shfts the aggregane expenditures scheduie upiard and decreasesreel GDP an increase in the price level chfts the eggregte expen and oecreeses real GDP
The aggregate demand curve can be derived from the aggregate expenditures model as indicated by the fact that Multiple Choice an increese in the orice level shifts the aggregate expencitures schedule upward end increases real GDP adecrease in the price level shits the aggregate expencitures schedule downward and decreases real GDP edecieose in the price level shfts the aggregane expenditures scheduie upiard and decreasesreel GDP an increase in the price level chfts the eggregte expen and oecreeses real GDP
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 1.4P
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