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12 questions from this quiz
AD=C+I+G+(X−M)AD = C + I + G + (X - M)AD=C+I+G+(X−M)
Consumption
Net exports
Total output firms produce at a given price level
Upward sloping
Higher prices lead to higher profits
Vertical
Resources, technology, and institutions
Where AD intersects SRAS
Higher output and higher price level
Higher output and lower price level
Where AD intersects LRAS
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