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Suppose that a newly released popular hit by a U.S. rock group causes fans in Asia to order $50,000 worth of T-Shirts with the band's picture. The T-shirts are entirely made in the United States. Other things being equal, woudl this tend to increase planned expenditure in the United States by exactly, more than, or less than $50,000? Would it shift the aggregate demand curve to the right, the left or not at all? Explain in detail.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9441396

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