Explain the influence of each of the following events on the quantity of real GDP supplied and
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Explain the influence of each of the following events on the quantity of real GDP supplied and aggregate supply in India and use a graph to illustrate.
■ U.S. firms move their call handling, IT, and data functions to India.
■ Fuel prices rise.
■ Walmart and Starbucks open in India.
■ Universities in India increase the number of engineering graduates.
■ The money wage rate rises.
■ The price level in India increases.
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