For each of the following, identify whether the aggregate demand (AD) or short run aggregate supply (SAS) curve moves, and the direction of the move. (a) A decrease in government spending (b) An increase in wages
For each of the following, identify whether the aggregate demand (AD) or short run aggregate supply (SAS) curve moves, and the direction of the move. (a) A decrease in government spending (b) An increase in wages
Chapter20: Aggregate Demand And Supply
Section: Chapter Questions
Problem 7SQ
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For each of the following, identify whether the aggregate demand (AD) or short run
(a) A decrease in government spending
(b) An increase in wages
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