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From course:

Economics A Level

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Question:

How can the AD shift to the Left?

Author: go kys



Answer:

-This happens if Consumption Falls [High % Rates leads to People saving More and Spending less] [Investment stutters as Borrowing Cost is Expensive] or if Governments spend Less [Decides to Tax Less and Fund Less on their Public Services] or if Imports Rise and Exports fall [From a Strong Currency]


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go kys
go kys