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Textbook Site for:
Economics , Fifth Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
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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