2. State how each of the following affects the AD curve and explain: (LO1) a. An increase...
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2. State how each of the following affects the AD curve and explain: (LO1) a. An increase in government purchases. b. A cut in taxes. c. A decline in planned investment spending by firms. d. A decision by the Fed to lower the real interest rate at each level of inflation.
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Related Book For 
Principles Of Macroeconomics
ISBN: 9781264250356
8th Edition
Authors: Robert Frank, Ben Bernanke, Kate Antonovics, Ori Heffetz
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