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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

Graphically portray (a) a change in the quantity demanded of Real GDP and (b) a change in aggregate demand.

 (a)

To determine

Explain the shift in the aggregate demand curve if the interest rate increases.

Explanation

If the interest rate increases in an economy, then the increased cost of borrowing leads to decrease in the capital investment...

(b)

To determine

Explain the shift in the aggregate demand curve if wealth falls.

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