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Why the sras curve is upward sloped

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Reference no: EM131917598

Please write in some detail on all of the followings:

1. Aggregate demand and aggregate demand curve.

2. The three reasons that explain the downward slope nature of the AD curve

3. Please list some factors that shift the AD curve to the right or left

4. Please explain why the SRAS curve is upward sloped and LRAS curve is vertical

5. Please list some factors that shift the SRAS curve to the right or left

Reference no: EM131917598

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