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In 2013, Prussia's aggregate demand curve was determined by the equation M + 1 = 4%. A change in aggregate demand means that in 2014,
In 2013, Prussia's aggregate demand curve was determined by the equation M + 1 = 4%. A change in aggregate demand means that in 2014, Prussia's aggregate demand curve was determined by the equation M + v = 7%. Using this information, draw Prussia's old and new dynamic aggregate demand curves on the graph. Which of the factors could have resulted in the change in 14 aggregate demand seen between 2013 and 2014? an improvement in technology O higher consumer confidence 10 O a decrease in oil prices an increase in imports Inflation rate AD 2014 AD 2013 No -4 -3 -2 -1 0 2 3 4 5 6 7 8 9 10 Real GDP growth rate
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