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Following arguments describe Aggregate Demand curve derived from Quantity Theory of Money. Answer each argument by T (true) or F (false). (1)AD curve shows relation
Following arguments describe Aggregate Demand curve derived from Quantity Theory of Money. Answer each argument by T (true) or F (false). (1)AD curve shows relation between price level and quantity of aggregate demand. (2)With increase in government expenditure, AD curve shifts to the right. (3)With increase in quantity of money supplied, quantity of money demanded rises along the AD curve (4)With increase in velocity of money, AD curve shifts to the right
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