The U.S. economy's initial aggregate demand curve is AD₁. Drag each event to the curve that would result from it. The price level increases." Foreign incomes increase. New communication technologies lower the production cost of many services. The value of the U.S. dollar increases relative to other currencies. Drag each item above to its appropriate location in the image. Note that every item may not have a match, while some items may have more than one match. Price level (P) AD₁ AD₁ AD₂ Real GDP

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The U.S. economy's initial aggregate demand curve is AD₁. Drag each event to the curve that
would result from it.
The price level increases." Foreign incomes increase."
New communication technologies lower the production cost of many services.
The value of the U.S. dollar increases relative to other currencies.
Drag each item above to its appropriate location in the image. Note that every item may not have a match, while some items may have more
than one match.
Price level
(P)
AD₁
AD₁
AD₂
Real GDP
Transcribed Image Text:The U.S. economy's initial aggregate demand curve is AD₁. Drag each event to the curve that would result from it. The price level increases." Foreign incomes increase." New communication technologies lower the production cost of many services. The value of the U.S. dollar increases relative to other currencies. Drag each item above to its appropriate location in the image. Note that every item may not have a match, while some items may have more than one match. Price level (P) AD₁ AD₁ AD₂ Real GDP
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