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"Aggregate Demand and Supply" Please respond to the following: You have been hired as a consultant by your mayor to evaluate the increase in aggregate demand in the city where you live.

Explain to the mayor one (1) aggregate supply and demand factor that would have the greatest impact on the economy of your city. Describe how a decrease in aggregate demand affects each of the following variables: inflation, unemployment rate, employment rate, production, and customer confidence. Provide concrete examples to support for your response.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91225834

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