EBK PRINCIPLES OF MACROECONOMICS
6th Edition
ISBN: 9780073534701
Author: Frank
Publisher: YUZU
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Chapter 14, Problem 3P
(a)
To determine
Impact of reducing consumer spending on the AD curve.
(b)
To determine
Impact of declining consumer spending when Fed does not change
(c)
To determine
Impact of supply shock along with declining consumer spending.
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