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Principles of Macroeconomics

17/09/2020 Client: murugan Deadline: 2 Day

 

Aggregate Demand and Aggregate Supply [WLO: 3] [CLOs: 1, 2]


Prior to beginning work on this discussion, read Chapter 6 in the course text and respond to the following components:



  • Discuss the reasons why the aggregate demand (AD) curve slopes downward.

  • What causes the AD curve and aggregate supply (AS) curve to shift, respectively?

  • How would a change in AD and AS affect the economy, respectively?

  • Why do Keynesian economists emphasize AD whereas classical economists emphasize AS?


Your initial post should be a minimum of 300 words.

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