Macro Econ

Anonymous
timer Asked: Sep 2nd, 2013

Question Description

I need an explanation for this Business question to help me study.

Imagine a scenario where there is a decline in aggregate demand.  Identify which part of the business cycle is part of a decline in aggregate demand.  Gross Domestic Product (GDP) measures the amount of new production. A change in the amount of new production affects employment.  Describe what would happen to GDP, the unemployment rate and the inflation rate if there is a decline in aggregate demand.


Needs to b roughly 200 words

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