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Business, 27.07.2021 23:20 davi113001
The AD Curve .
a. all of the choices are correct.
b. is downward sloping, because with higher inflation comes higher interest rates and lower spending, so equilibrium aggregate output declines
c. indicates the level of aggregate output corresponding to different goods-market-clearing levels of the interest rate
d. explains how inflation affects output in the long run
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Answers: 3
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The AD Curve .
a. all of the choices are correct.
b. is downward sloping, because with highe...
b. is downward sloping, because with highe...
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