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describe the changes in the slope or position of the AD curve given the following changes.

Elucidate what would happen to the slope or position of the AD curve in the subsiquent circumstances.

a. A rise in the price level creates expectations of a further-increasing price level.

b. Government spending increases by 10.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M922513

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