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Florida Atlantic University ECO 3203 Chapter 10 1)When real GDP declines during a recession, what typically happens to consumption, investment, and the unemployment rate? Why does the aggregate demand curve shift downward? Explain the impact of an increase in the money supply in the short run and in the long run
Florida Atlantic University
ECO 3203
Chapter 10
1)When real GDP declines during a recession, what typically happens to consumption, investment, and the unemployment rate?
- Why does the aggregate demand curve shift downward?
- Explain the impact of an increase in the money supply in the short run and in the long run.
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