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Question
Which of the following statements is correct?
I. When economists derive the aggregate demand curve, they are looking at the effect of the price level on one commodity only.
II. Any non-price-level change that increases total planned real spending on domestic goods shifts the AD curve to the right.
A) I only
B) II only
C) Both I and II
D) Neither I nor II
Answer
This answer is hidden. It contains 1 characters.
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