Explain how does a decrease in foreign price levels affect

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Reference no: EM1351789

1.How is the aggregate demand curve different from the demand curve for a single good, like hamburgers?

2. Why does the aggregate demand curve slope downward?

3. How does an increase in foreign income effect domestic aggregate expenditures and demand?

4. Explain how does a decrease in foreign price levels affect domestic aggregate expenditures and demand?

5. How is the aggregate supply curve different from the supply curve for a single good, like pizza?

Reference no: EM1351789

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