Problem 1.1: What are the axes of the aggregate demand curve? [Solution]

Problem 1.2: What does aggregate demand represent? [Solution]

Problem 1.3: What is the basic equation for aggregate demand? [Solution]

Problem 1.4: What does the term C(Y - T) mean in the equation for aggregate demand? [Solution]

Problem 1.5: What happens to net exports as the real exchange rate rises? [Solution]