(Answered) Value of the dollar in relation to other currencies

Economics

Problem: Show what would happen in each case to the economy using a short run aggregate supply and aggregate demand curve. Provide an explanation for each diagram - your explanation should not exceed two small sentences.

a. As a result of an increase in the value of the dollar in relation to other currencies, American producers now pay less in dollar terms for foreign steel, a major commodity used in production

b. The government eliminates all payments for social security.

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Macroeconomics, Economics

Category:- Macroeconomics
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