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    Exam 5: Keynesian System I: the Role of Aggregate Demand
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    Discuss the Role of the Price Level and Interest Rates
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Discuss the Role of the Price Level and Interest Rates

Question 12

Question 12

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Discuss the role of the price level and interest rates in the simple model of aggregate demand developed in this chapter.How do Keynesians justify this behavior?

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The price level and interest r...

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