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Lecture Principles of economics (Asia Global Edition) - Chapter 24
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Chapter 24 - Aggregate demand, aggregate supply, and business cycles. 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; . |