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How is aggregate demand affected with the following Philippine cases? Explain your answers briefly. Please cite your references, if you have to quote: Recent increase

How is aggregate demand affected with the following Philippine cases?

Explain your answers briefly. Please cite your references, if you have to quote:

  • Recent increase in gas price, now at approximately PhP(Philippine Peso) 70.00 per liter
  • Recent increase in price of sugar to PhP(Philippine Peso) 50.00
  • Recent continuous peso devaluation, now at PhP(Philippine Peso) 57.00 to a dollar
  • Philippine fish importation from China'
  • Recent P. Marcos cost of trip abroad

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