Question: Topic Aggregate Demand and Supply Question 1 a) Explain the differences between the following concept with an appropriate example and graph . i) Movement along

Topic Aggregate Demand and Supply

Question 1

a) Explain the differences between the following concept with an appropriate example and graph.

i) Movement along aggregate demand curve.

ii) Shift rightward in aggregate demand curve.

iii)Shift leftward in aggregate supply curve

(15 marks)

(b) Describe how stagflation can happen in the economy. (5 marks)

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