If aggregate supply is vertical, what role does aggregate demand play in determining output ? In determining the price level ? Briefly explain.
If aggregate supply is vertical, what role does aggregate demand play in determining output ? In determining the price level ? Briefly explain.
Chapter8: Macroeconomic Equilibrium: Aggregate Demand And Supply
Section: Chapter Questions
Problem 5E
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If aggregate supply is vertical, what role does aggregate demand play in determining output ? In determining the price level ? Briefly explain.
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