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?
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Expert's answer
2017-10-25T14:41:07-0400
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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