21. Explain for each event whether it changes the quantity of real GDP demanded or aggregate demand.
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21. Explain for each event whether it changes the quantity of real GDP demanded or aggregate demand. ■ Automotive firms in the United States switch to a new technology that raises productivity. ■ Toyota and Honda build new plants in the United States. ■ Autoworkers agree to a lower money wage rate. ■ The U.S. price level rises.
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