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How do changes in aggregate demand affect changes in prices, GDP, and unemployment?

How does the unemployment level fit into the macroeconomic model?

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019

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Related questions

The aggregate demand curve shows how real GDP purchased varies with changes in

a. unemployment

b. output

c. the price level

d. the interest rate

According to Keynes, the impact of an increase in the money supply is

A. decrease in interest rate, and increase in investment, aggregate demand, prices, real GDP, and unemployment.

B. decrease in interest rate, and decrease in investment, aggregate demand, prices, real GDP, and unemployment.

C. increase in interest rate, and decrease in investment, aggregate demand, prices, real GDP, and unemployment.

D. only increase prices.

Discuss how the following changes would affect the natural (or frictional) rate of unemployment:

a. Elimination of unions.

b. Increased participation of teenagers in the labor market.

c. Larger fluctuations in the level of aggregate demand.

d. Increase in unemployment benefits.

e. Elimination of minimum wages.

f. Larger fluctuations in the composition of aggregate demand.

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