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Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088 Exercise 3
If the effective demand curve slopes upward, so that a fall in the price level causes a decrease in aggregate demand, how will your recommendation for fiscal policy be affected when the economy experiences a negative demand shock?
Explanation
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Demand shock:
The demand shock is an in...
Macroeconomics 8th Edition by David Colander
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