How are economic fluctuations linked among national economies? Could a recession in the United States trigger a recession abroad?
7-) What is the relationship between demand-side economics and the federal budget deficit? Briefly explain.
😎 Why does an aggregate demand curve slope downward? Briefly explain.
9-) Is it possible for the price level fall (deflation) while production and employment both rise? (Hint: Use AD-AS Model)
10-) Why do economists pay attention total employment, price level and growth? Briefly discuss
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