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C = C+c(Y-T) (Consumption) I = a-br (Investment) (M/P)^d= dY/r (responsiveness of money demand to changes in income) With these equations in mind, how does
C = C+c(Y-T) (Consumption)
I = a-br (Investment)
(M/P)^d= dY/r (responsiveness of money demand to changes in income)
With these equations in mind, how does the responsiveness of money demand to changes in income affect the slope of the aggregate demand curve?
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