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the AD curve a.Present the graph for the AD curve. How to explain the appearance and the slope of the curve? b.In what situation would

the AD curve

a.Present the graph for the AD curve. How to explain the appearance and the slope of the curve?

b.In what situation would an equilibrium shift along the curve? In which situations would the curve itself shift?

c.Does it shift up/down or to the left/right?

d.Present the situations for i) without wealth effect ii) positive wealth effects and iii) negative wealth effects.

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