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TRUE or FALSE, and explain, Macroeconomics
1.the AD curve represents at the same time the demand for goods, money and labor in the economy
2.in the ASAD model, higher competition among producers leads to a medium run equilibrium with higher output, lower interest rate and lower price level.
3.in the ASAD model, lower bargaining power for workers in the market of labor leads to a medium run equilibrium with higher income, lower interest rate and lower price level.
Posted Date: 11/13/2012 9:57:56 PM  Location : China
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