1. The demand curves for all products have negative slopes.For instance,the demand curves for milk,automobiles,personal computers,and shirts all have negative slopes.Therefore,because the aggregatedemand curve shows the demand for all products,it too must have a negative slope."Comment on thisassertion.
2. Suppose that the government increases its expenditure on goods and services by$100billion andpays for these goods and services by raising autonomous taxes by$100billion.What is the effect onaggregate demand and real GDP of each change individually and of the two combined?