The most important practice you can do to learn the material in this chapter is to think through the process of moving from one equilibrium to another. For example, what happens when any of the determinants of the components of GDP change? Explain why each step in the process occurs. Use written explanations, supplemented by graphs if you wish, but be sure you explain why.
The most important practice you can do to learn the material in this chapter is to think through the process of moving from one equilibrium to another. For example, what happens when any of the determinants of the components of GDP change? Explain why each step in the process occurs. Use written explanations, supplemented by graphs if you wish, but be sure you explain why.
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 4.8P
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The most important practice you can do to learn the material in this chapter is to think through the process of moving from one equilibrium to another. For example, what happens when any of the determinants of the components of GDP change? Explain why each step in the process occurs. Use written explanations, supplemented by graphs if you wish, but be sure you explain why.
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