Question: 21. Explain for each event whether it changes the quantity of real GDP demanded or aggregate demand. Automotive firms in the United States switch

21. Explain for each event whether it changes the quantity of real GDP demanded or aggregate demand. ■ Automotive firms in the United States switch to a new technology that raises productivity. ■ Toyota and Honda build new plants in the United States. ■ Autoworkers agree to a lower money wage rate. ■ The U.S. price level rises.

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