Econ102 Introduction to Macroeconomics Bilkent

Econ102 Introduction to Macroeconomics
Bilkent Economics
Spring 2014
Quiz IV
Fatma Ta¸sk¬n
Refet S. Gürkaynak
1. (40 pts) Why is aggregate demand downwards sloping?
2. (30 pts) Why is aggregate supply upwards sloping?
3. (30 pts) Why is long-run aggregate supply vertical?
1