rosepotato789
rosepotato789
22.10.2019 • 
Business

Looking at the model of long-term and short-term aggregate demand and aggregate supply, why is the aggregate-demand curve sloping downward? explain why the long-term aggregate-supply curve is vertical? explain why the short-term aggregate-supply curve is upward sloping? what might shift the aggregate-demand curve to the left? what are the short-term and long-term effects of such a shift on output and the price level?

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