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Aggregate demand curve steeper

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Reference no: EM131386246

Consider the Classical model from class. Which of the following would make the aggregate demand curve steeper?

A. An increase in the velocity of money due to the wide use of ATM machines.

B. A decrease in money in circulation due to the selling of bonds by the Federal Reserve Bank.

C. A technological breakrough that decreases production costs.

D. A plague epidemic decreases size of labor force.

Reference no: EM131386246

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