Suppose the price level increases from by 10 from its base
Consider the AD function: Pd = 833 - ( 60 /100 ) Yd for the Land of Big Ideas (a small but innovative country). Suppose the price level increases from by 10% from its base year value, what would be the impact on real GDP demanded?
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consider the ad function pd 833 - 60 100 yd for the land of big ideas a small but innovative country suppose the
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