Brexit expected to rattle U.S. economy, the United Kingdom vote to leave the European Union (known as
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Explain how a high value of the dollar affects U.S. real GDP and on an AS-AD graph show the macroeconomic equilibrium in the U.S. economy with and without the effects of Brexit.
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FIGURE 13.4 Chapter Checkpoint Assignable Problem 7 Price level (GDP price index) AS, Potential GDP ASo 130 120 ...... 110 100 90 .... AD 15.0 15.5 16.0 16.5 17.0 17.5 Real GDP (trillions of 2009 dollars)
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