Question
Give a written example of a factor from the AD and AS working together working together changing in a certain direction and describe the resulting
Give a written example of a factor from the "AD and AS working together" working together changing in a certain direction and describe the resulting change in equilibrium. AD= aggregate demand AS = aggregate supply
Aggregate Demand:
- wealth
- interest rates
- income taxes
Aggregate Supply:
- wage rates
- productivity
- supply shocks
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
