Sub-part
A
The shifts and directions of aggregate demand and supply curve when the price level changes and its effect to output and price level.
Concept introduction
Aggregate demand: Aggregate demand is the demand of the final goods which are produced in the economy in a given year.
Sub-part
B
The shifts and directions of aggregate demand and supply curve when the consumer confidence declines and its effect to output and price level.
Concept introduction
Aggregate demand: Aggregate demand is the demand of the final goods which are produced in the economy in a given year.
Aggregate supply: Aggregate supply curve shows the relationship between the goods supplied by nations' suppliers and nation's overall price level.
Sub-part
C
The shifts and directions of aggregate demand and supply curve when the supply of resources increases and its effect to output and price level.
Concept introduction
Aggregate demand: Aggregate demand is the demand of the final goods which are produced in the economy in a given year.
Aggregate supply: Aggregate supply curve shows the relationship between the goods supplied by nations' suppliers and nation's overall price level.
Sub-part
D
The shifts and directions of aggregate demand and supply curve when the wage rate increases and its effect to output and price level.
Concept introduction
Aggregate demand: Aggregate demand is the demand of the final goods which are produced in the economy in a given year.
Aggregate supply: Aggregate supply curve shows the relationship between the goods supplied by nations' suppliers and nation's overall price level.
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Chapter 5 Solutions
ECON MACRO
- Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning