There is a difference between a change in the quantity demanded of Real GDP and a change
Question:
1. Explain the differences between a change in the quantity demanded of Real GDP and a change in aggregate demand.
2. Graphically evaluate the difference between an increase in the quantity demanded of Real GDP and an increase in aggregate demand.
3. Graphically evaluate the difference between a decrease in the quantity demanded of Real GDP and a decrease in aggregate demand.
4. List the changes that would shift the AD curve rightward.
5. List the changes that would shift the AD curve leftward.
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1 A change in the quantity demanded of Real GDP can only be caused by a change in the price level an...View the full answer
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