In addition to stuck prices, what are the two simplifying assumptions of the initial model in this chapter? What are two implications from these simplifications?
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Q2: Other things being constant, what will be
Q3: If prices are stuck, how can firms
Q4: The aggregate expenditures model has one over-arching
Q5: What is the difference between the investment-demand
Q6: Define the equilibrium level of output.
Q8: Whenever there is an upshift or downshift
Q9: Explain the difference between an equilibrium level
Q10: Evaluate the statement that "for an open
Q11: In a graph relating private spending (C
Q12: Explain why saving equals planned investment at
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