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Suppose research has uncovered the following aggregate demand and supply functions for an economy: AD:P = 170 - 0.1Y AS:P = 50 + 0.2Y Suppose
Suppose research has uncovered the following aggregate demand and supply functions for an economy:
AD:P = 170 - 0.1Y
AS:P = 50 + 0.2Y
Suppose a fall in demand for new houses reduced the investment component aggregate expenditure, and reduced AD at each price level by 300. Draw the new AD curve in the graph above. and what are the cordinates
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