Explain for each event whether it changes the quantity of real GDP demanded or aggregate demand in

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Explain for each event whether it changes the quantity of real GDP demanded or aggregate demand in Japan.

■ The Japanese price level rises.

■ A depreciation of the yen attracts more tourists to Japan.

■ Japan’s coal consumption rises due to a prolonged shut down of nuclear plants.

■ Japan’s sales tax rises.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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