From August 2009 to May 2017, the Standard & Poors Index of 500 stock prices increased by

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From August 2009 to May 2017, the Standard & Poor’s Index of 500 stock prices increased by more than 135 percent, while the consumer price index increased by less than 15 percent. Briefly explain what effect, if any, these changes had on the aggregate demand curve.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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