Question: a. The aggregate demand schedule shows the relationship between output and the inflation rate. Explain how this relationship is derived mathematically. b. Derive the dynamic

a. The aggregate demand schedule shows the relationship between output and the inflation rate. Explain how this relationship is derived mathematically.

b. Derive the dynamic aggregate demand curve (AD curve where inflation is on the vertical axis and output on the horizontal axis) using the ii curve.

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2. Value-oriented information and

1. Empirical or factual information,

1. To take in the necessary information,