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Answer to Question #124630 in Macroeconomics for Ruby
Question #124630
The end of the Cold War in 1990 led to large decline in defence spending in many countries
This event caused a shift in ______ in Canada causing ____in equilibrium real gdp and ___in the price level
This event caused a shift in ______ in Canada causing ____in equilibrium real gdp and ___in the price level
Expert's answer
The end of the Cold War in 1990 led to large decline in defence spending in many countries
This event caused a shift in spending in Canada causing aggregate demand (AD)in equilibrium real gdp and increase in the price level
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