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Aggregate equilibrium price level-equilibrium real income

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Reference no: EM131334806

Using aggregate demand-aggregate supply analysis, explain the impact of an increase in consumer credit on the equilibrium price level and equilibrium real income in the short-run.

Indicate which curve or curves would shift and how that would affect the aggregate equilibrium price level and equilibrium real income (GDP) in the short-run.

Reference no: EM131334806

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