(Answered) Suppose the economy is at a macroeconomic equilibrium as is

Economics

Suppose the economy is at a macroeconomic equilibrium as is shown on Slide 40 of the Attend section. The government decides to give every taxpayer a $500 tax refund.

What happens to the aggregate demand curve after the refund?
What happens to the price level after this change?
Is real wealth increased or decreased as a result of the refund?

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