Economy, asked by kchandima1998, 3 months ago

describe how an upward

sloping aggregate supply curve weakens the multiplier.​

Answers

Answered by jijaji339
0

Answer:

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Answered by Anonymous
3

Answer:

An upward sloping aggregate supply curve weakens the effect of the multiplier because any increase in aggregate demand will have both a price and an output effect. ... A reduction in aggregate demand causes a decline in real output rather than the price level because prices are “sticky” or inflexible downward.

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