Question: 1.11 Explain for each event whether it changes the quantity of real GDP demanded or aggregate demand. UK car producers switch to a new

1.11 Explain for each event whether it changes the quantity of real GDP demanded or aggregate demand.

◆ UK car producers switch to a new technology that raises productivity.

◆ Toyota and Honda build new plants in the UK.

◆ The prices of car parts imported from China rise.

◆ Workers in UK car plants agree to a lower money wage rate.

◆ The UK price level rises.

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