Question
This question has 4 parts- be specific with your terms as you answer all four parts. 1. What happens to GDP when aggregate demand increases?
This question has 4 parts- be specific with your terms as you answer all four parts. 1. What happens to GDP when aggregate demand increases? 2. What happens to GDP when aggregate demand decreases? 3. What happens to GDP when aggregate supply increases? 4. What happens to GDP when aggregate supply decreases? (Consider looking at a chart to help you answer this one.)*
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
