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3.For each question name the concepts and explain it with an example. A) Why is the AD curve downward-sloping? One mark for each reason and
3.For each question name the concepts and explain it with an example.
A) Why is the AD curve downward-sloping? One mark for each reason and example.
B) What determines productivity? Half mark for each determinant, with definition and example. C) What are the costs of inflation? Half mark for each type of cost list, with definition and example.
D) What might shift the aggregate-supply curve? Half marks for each reason
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