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Business, 30.03.2021 01:00 liltam9688

The aggregate demand curve is downward sloping because production costs decline as real GDP increases. is upward sloping because a higher price level is necessary to make production profitable as production costs rise. shows the amount of expenditures required to induce the production of each possible level of real GDP. shows the amount of real GDP that will be demanded at each possible price level. g

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The aggregate demand curve is downward sloping because production costs decline as real GDP increase...
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