If interest rates, prices, and output are all rising, then according to the Keynesian model, these changes must be caused by
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UoH 2010 Question 55: AD-AS model
Answer and worked solution
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AD-AS model has come up 59 times in 7 exams since 2004.
What this question tests
This question is on AD-AS equilibrium and shocks, part of AD-AS model in Macroeconomics.
How demand and supply shocks move output and the price level.
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