If aggregate demand equals aggregate supply,macroeconomic equilibrium exists.
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Q160: Exhibit 14-7 Aggregate supply and demand curves
Q161: An increase in input prices will cause
Q162: The classical economists believed there was no
Q163: The aggregate supply curve is vertical at
Q164: An increase in total spending in the
Q166: The Keynesian view is that the aggregate
Q167: The quantity of real GDP rises with
Q168: The aggregate supply curve shows the relationship
Q169: Along the Keynesian range of the aggregate
Q170: The classical approach to a downturn in
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