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Lecture Principles of economics (Brief edition, 2e): Chapter 20 - Robert H. Frank, Ben S. Bernanke
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Chapter 20 - Aggregate demand, aggregate supply, and stabilization policy. In this chapter you will learn: Define the aggregate demand curve, explain why it slopes downward, and explain why it shifts; define the aggregate supply curve, explain why it slopes upward, and explain why it shifts; show how the aggregate demand and supply curves determine output and the price level in both the short run and the long run;.