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
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