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★ѕραndavir ★ѕραndavir
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6 years ago
According to Pigou, the Keynesian dilemma of a vertical AD curve is not a dilemma at all because the demand for commodities depends directly on the level of real balances. Thus, the
A) IS curve would shift to the left whenever the price level falls.
B) AD curve would shift to the left whenever the price level falls.
C) AD curve would shift to the right whenever the price level falls.
D) AD curve would always have a negative slope.
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Macroeconomics

Macroeconomics


Edition: 12th
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supersuinegsupersuineg
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