(Answered) Using well-labelled graphs is-lm ps-ws and as-ad models

Economics

Using well-labelled graphs, IS-LM, PS-WS and AS-AD models, show the adjustments toward both the short run and medium run equilibrium under the following situations:

a) The European sovereign debt crisis made consumers pessimistic about the future.

b) ACCC (the authority promoting competition) gets additional funding from the government.

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Macroeconomics, Economics

Category:- Macroeconomics
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