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Assume the aggregate demand and aggregate supply curves intersect at a price level of 100.?

Explain the effect of a shift in the price level to 120 and to 50.

2007-03-04 10:54:18 · 1 answers · asked by styles4u 4 in Social Science ➔ Economics

1 answers

Quantity Supplied Decreases, Quantity Demanded increases.

2007-03-05 14:00:23 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋

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