Exploring Economics
7th Edition
ISBN: 9781305465596
Author: Sexton
Publisher: Cengage
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Question
Chapter 22, Problem 4P
To determine
(a)
To explain:
The effects of increase in aggregate demand in the short-run and the impact on the price level, real output, employment and
To determine
(b)
To explain:
The effects of increase in aggregate demand in the long-run and the impact on the price level, real output, employment and unemployment.
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