A rise in aggregate demand raises Real GDP and the price level. Draw the aggregate supply curve that is consistent with this statement. Next, a rise in aggregate demand raises the price level but leaves Real GDP unchanged. Draw the aggregate supply curve that is consistent with that statement.
Economics (MindTap Course List)
Economics (MindTap Course List)
A rise in aggregate demand raises Real GDP and the price level. Draw the aggregate supply curve that is consistent with this statement. Next, a rise in aggregate demand raises the price level but leaves Real GDP unchanged. Draw the aggregate supply curve that is consistent with that statement.
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