=+4. Suppose there is a permanent fall in private aggregate demand for a countrys output (a downward

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=+4. Suppose there is a permanent fall in private aggregate demand for a country’s output

(a downward shift of the entire aggregate demand schedule). What is the effect on output?

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International Economics

ISBN: 9780132146654

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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