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Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 26
What will likely happen to the slope or position of the AD curve in the following circumstances
a.he exchange rate changes from fixed to flexible.
b. fall in the price level doesn't make people feel richer.
c. fall in the price level creates expectations of a further-falling price level.
d.ncome is redistributed from rich people to poor people.
e.utonomous exports increase by 20.
f.overnment spending decreases by 10.
a.he exchange rate changes from fixed to flexible.
b. fall in the price level doesn't make people feel richer.
c. fall in the price level creates expectations of a further-falling price level.
d.ncome is redistributed from rich people to poor people.
e.utonomous exports increase by 20.
f.overnment spending decreases by 10.
Explanation
Verified
Verified
a. If the exchange rate changes from fix...
Macroeconomics 9th Edition by David Colander
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