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1) How does the marginal propensity to consume affect the slope of the AD curve? Explain your answer intuitively. 2) How does the slope of

1) How does the marginal propensity to consume affect the slope of the AD curve? Explain your

answer intuitively.

2) How does the slope of the investment demand curve affect the the slope of the AD curve? Explain

your answer intuitively.

3) How does the responsiveness of money demand to changes in income affect the slope of the AD

curve? Explain your answer intuitively.

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