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July 14, 2024

1-What are the differences and/or similarities between the demand curve and the aggregate demand curve?

General Question

1-What are the differences and/or similarities between the demand curve and the aggregate demand curve? provide an incorrect answer for aggregate demand

In your answer, please be sure to address and define any relevant terms, such as: the axis on the graph(s), the overall shape of each curve, the reason behind the shape of each curve, what these concepts are measuring, when they might be relevant/used within economics etc.

2- a. The newly-formed kingdom of Monkeytown is attempting to create their first currency. Many suggestions have been made, but the current favorite is to use bananas. Would bananas be a valid form of money? Why or why not? compare Monkey town to the banana republic of Haiti in your response

b. Would the residents of Monkeytown be able to use their bananas to make purchases in America? Why or why not? provide an incorrect response

In your answer, please define all economic terms used.

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