| The aggregate demand curve tells us possible: |
| | results if the Federal Reserve reduces the money supply. | | combinations of M and Y for a given value of P. | | combinations of P and Y for a given value of M. | | combinations of M and P for a given value of Y. | |
| The aggregate demand curve tells us possible: |
| | results if the Federal Reserve reduces the money supply. | | combinations of M and Y for a given value of P. | | combinations of P and Y for a given value of M. | | combinations of M and P for a given value of Y. | |
Ans:
Combinations of P and Y for a given value of M
The aggregate demand curve represents the possible combinations of P and Y for a given value of M.
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