Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Question

6-

 How does the aggregate demand curve change if aggregate demand increases in an economy?

 
 a)

shifts left

 B)

shifts to the right

 NS)

slides down

 D)

constant

 TO)

slides up

Expert Solution
Check Mark
Step 1

The aggregate demand encompases the following:C = ConsumptionI = InvestmentG = Government spendingX-M = Net exportThus, AD  = C + I + G + (N-X)

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