State how the following information changes the slope of the AD curve. a. The effect of price
Question:
a. The effect of price level changes on autonomous expenditures is reduced.
b. The size of the multiplier increases.
c. Autonomous expenditures increase by $20.
d. Falls in the price level disrupt financial markets, which offset the normally assumed effects of a change in the price level.
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a The AD curve will become steeper b An increase in ...View the full answer
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