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Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354 Exercise 3
Suppose firms become pessimistic about the future and consequently investment spending falls. With an AD and AS graph, describe the short-run effects on real GDP and the price level. If the AS curve was a horizontal line, how would your answer change?
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If firms become pessimistic about future...
Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
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