Why does the existence of a potent Pigou Effect guarantee a negatively sloped AD curve?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:13 AM

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Why does the existence of a potent Pigou Effect guarantee a negatively sloped AD curve?

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A fall in prices with a constant nominal money s...View the full answer

Macroeconomics

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