Reter to the graph to the right Atal in the domestic price level n desired consunption and private secto sht in the AE ourve Smlaty, arse in the domestic price level makes Canadan goods more expensive, res net export function which cases shit in the AE curve Use the ine draing lool to show and abel the ffect of afal in the domestic price level Cartuly folow the instructions above, and only draw the required object

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Desired Aggregte Expendture
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Reter to the graph to the right. A fal in the domestic prnce level
private sector wealth This leads to a
Desired Aggregate Expenditure
and the Price Level
in desired consumption, and
shift in the AE curve.
AEY
Similarty, a roe in the domestic price level makes Canadan goods more expensive, resultingi
aht in the
shift in the AE curve
net expont function, which causes
AF
Use the line drawing tool to show and label the effect of a fal in the domestic price level on the AE unction
Camhuly follow the instructions above, and only draw the required object
Real GOP
Transcribed Image Text:Desired Aggregte Expendture Next question Reter to the graph to the right. A fal in the domestic prnce level private sector wealth This leads to a Desired Aggregate Expenditure and the Price Level in desired consumption, and shift in the AE curve. AEY Similarty, a roe in the domestic price level makes Canadan goods more expensive, resultingi aht in the shift in the AE curve net expont function, which causes AF Use the line drawing tool to show and label the effect of a fal in the domestic price level on the AE unction Camhuly follow the instructions above, and only draw the required object Real GOP
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