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Suppose that in response toCOVID-19, some businesses have cancelled their investment plans. Assuming that aggregate output is demand-determined, what effect will this have, all other

Suppose that in response toCOVID-19, some businesses have cancelled their investment plans. Assuming that aggregate output is demand-determined, what effect will this have, all other things equal, on the AE function and equilibrium national income? Will the AE function shift down or up? Will equilibrium national income rise or fall, and why?

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