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Answer to Question #70750 in Economics of Enterprise for Rita Wallace

Question #70750
Suppose that aggregate demand increases such that the amount of real output demanded rises by $11 billion at each price level. By what percentage will the price level increase?
Expert's answer
If aggregate demand increases such that the amount of real output demanded rises by $11 billion at each price level, we need to know the aggregate demand curve equation to find the percentage of the price level increase.

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