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Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409 Exercise 12
Other things equal, what effects would each of the following have on aggregate demand oraggregate supply? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output.
a. A reduction in the economy's real interest rate.
a. A reduction in the economy's real interest rate.
Explanation
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Equilibrium price is the market price wh...
Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
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