2. Distinguish between real-balances effect and wealth effect, as the terms are used in this chapter. How

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2. Distinguish between “real-balances effect” and “wealth effect,”

as the terms are used in this chapter. How does each relate to the aggregate demand curve? LO12.1

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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