In the first graph, a decrease in stock market asset price causes aggregate demand to shift downwards hence decreasing in the long run. As a result of lower GDP, aggregate demand curves shifts to the left from (D1 to D2) therefore creating a new equilibrium level at a lower price leve( Fontana, Setterfield. 2016).The second graph shows the increase in supply; this shifts the supply cur ...[Show More]
Published: 3 years ago
Published By: Enock kipchumba
University of Eldoret > Essay > Macroeconomics page(s)
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| Category: | Essay |
| Published By: | Enock kipchumba |
| Published On: | 3 years ago |
| Number of pages: | 3 |
| Language: | English |
You may use credit points to purchase the paper. Register below to earn 25 credits. Register Here >>
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