This is a question from a past exam paper in Macroeconomics. Unfortunately I haven't been able to get an answer sheet for this paper so I am looking for a "model answer" (if such a thing exists!) to the question for revision.
Under what circumstances would a rise in aggregate demand have little effect on real national income?© BrainMass Inc. brainmass.com October 24, 2018, 6:26 pm ad1c9bdddf
Three Basic Economics Questions
***This is not a request for a written paper, but points to expound on.***
Write a 2-3 page thorough analysis of the three basic economic questions along with an analysis of the centralized command and control system, the price system, and the mixed economic system. Remember to cite your research and do not plagiarize.