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2.2.2 Consumption (C)

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Question 10

Annotate the aggregate demand (AD) and short-run aggregate supply (SRAS) diagram below to show the likely short-run impact of a sustained rise in household wealth on the equilibrium level of real GDP and the price level.

An AD-SRAS diagram showing price level on the vertical axis and real GDP on the horizontal axis.

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2.2.2 Consumption (C) Questions

  1. A Level
  2. /Economics
  3. /2.2.2 Consumption (C)