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AS tne ag Sonic thc CENGAGE I MINDTAP Homework (Ch 20) 3. Changes in aggregate demand The following graph shows an aggregate demand curve (AD) illustrating the inverse relationship between the price level and the quantity of real output in the United States. Show the effect of the following scenario on the aggregate demand curve by either dragging the curve or moving the point to the appropriate position (do not perform both actions as only one is correct). The European Union, a major trading partner of the United States, experiences a recession. AD REAL GDP Grade It Now Save & Continue