8. Explain whether the following government policies affect the aggregate demand curve or the short -run aggregate
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8. Explain whether the following government policies affect the aggregate demand curve or the short -run aggregate supply curve and how.
a. The government reduces the minimum nominal wage.
b. The government increases Temporary Assistance to Needy Families (TANF) payments, government transfers to families with dependent children.
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Related Book For 
Essentials Of Economics
ISBN: 9781429218290
2nd Edition
Authors: Paul Krugman, Robin Wells, Kathryn Graddy
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