(Answered) Using an as-ad graph an is-lm graph and a graph depicting

Management Studies

Using, an AS-AD graph, an IS-LM graph, and a graph depicting equilibrium in the labour market, explain the effect of a permanent decrease in the mark-up μ (as a result of a decrease in regulation due to Brexit)affects income, the unemployment rate, prices, and the interest rate, both in the short-run and in the medium run:

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