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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

What factors will shift the AD curve in the simple Keynesian model?

To determine

Shift in the AD curve under the simple Keynesian model.

Explanation

The aggregate demand is the summation of all the individual demand curves of the economy at various price points in the market. The AD curve is dependent on the level of consumption, level of investment, and level of government purchases of the economy. Thus, the aggregate demand equation can be written as follows:

Aggregate Demand=Consumption<

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