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Explain how an upsloping aggregate supply curve weakens the realized multiplier effect fr

 Explain how an upsloping aggregate supply curve weakens the realized multiplier effect from an initial change in investment spending.

5. Why does a reduction in aggregate demand in the actual economy reduce real output, rather than the price level? Why might a full-strength multiplier apply to a decrease in aggregate demand?

 

Dec 05 2019 View more View Less

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