When negative real shocks hit, what typically happens to the aggregate demand curve? Does it shift left,

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When negative real shocks hit, what typically happens to the aggregate demand curve? Does it shift left, shift right, or stay in the same place?

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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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Question Posted: Nov 24, 2015 08:55 AM

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When negative real shocks hit, what typically happens to the aggregate demand curve? Does it shift left,

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It stays in the same place Real shocks have the...View the full answer

Modern Principles of Economics

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