Question
In the Classical model, if there is an increase in
aggregate demand, what will be the long-run effect on output and prices?ÂSolution
 In this case, AS is vertical and AD is downward sloping, hence if AD shifts right, at new equilibrium there is increase in price and no change in output.
The environment impact assessment consists of a mimber of steps with each step equally important in determining the overall performance of the project. ...
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When the branch of a tree is shaken violently, the leaves fall. This happening can be explained by:Â
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