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Is aggregate demand a specific dollar amount

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Reference no: EM131137648

1. Is aggregate demand a specific dollar amount? For example, would it be correct to say that aggregate demand is $9 trillion this year?

2. Explain each of the following:

(a) real balance effect,
(b) interest rate effect, and
(c) international trade effect.

3 Graphically portray each of the following:

(a) a change in the quantity demanded of Real GDP and
(b) a change in aggregate demand.

Reference no: EM131137648

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