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Use an aggregate demand and aggregate supply diagram to illustrate and explain how each of the following will affect the equilibrium price level and real GDP: a. Consumers expect a recession. b. Foreign income rises. c. Foreign price levels fall. d. Government spending increases. e. Workers expect higher future inflation and negotiate higher wages now. f. Technological improvements increase productivity.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92201817

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