Chapter Review
Chapter 9: Macroeconomic Equilibrium: Aggregate Demand and Supply
1. What factors affect aggregate demand?
2. What causes the aggregate demand curve to shift?
3. What factors affect aggregate supply?
4. Why does the short-run aggregate supply curve become steeper as real GDP increases?
5. Why is the long-run aggregate supply curve vertical?
6. What causes the aggregate supply curve to shift?
7. What determines the equilibrium price level and real GDP?
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