Question
2. Use the model of aggregate demand and short-run aggregate supply to explain how each of the following would affect real GDP and the price
2. Use the model of aggregate demand and short-run aggregate supply to explain how each of the following would affect real GDP and the price level in the short run.
an increase in government purchases
a reduction in nominal wages
a major improvement in technology
a reduction in net exports
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The Americans An Economic Record An Economic Record
Authors: Stanley Lebergott
1st Edition
0393953114, 9780393953114
