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Slide 1 Aggregate demand and supply using models Slide 2 Learning Objectives To understand the inverse relationship between AD and the price level To understand the three…

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In this chapter, look for the answers to these questions: How are international flows of goods and assets related? Whatâs the difference between the real and nominal exchange…

Figure 1: The Two-Way Relationship Between Output and the Price Level The Aggregate Demand Curve First step in understanding how price level affects economy is an important…

In this chapter, look for the answers to these questions: How are international flows of goods and assets related? Whatâs the difference between the real and nominal exchange…

Aggregate demand and supply using models Aggregate demand and supply using models Learning Objectives To understand the inverse relationship between AD and the price level…