What is the difference between a market demand curve and the aggregate demand curve? In this context, explain why the substitution effect does not apply in the case of an aggregate demand curve.
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Q15: An increase in the overall price level
Q16: A decrease in the overall price level
Q17: Which of the following will decrease aggregate
Q18: Which one of the following is NOT
Q19: An increase in the overall price level
Q21: In an economy that has no leakages
Q22: In an economy that has no leakages
Q23: If the marginal propensity to consume for
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Q25: When the total income of an economy
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