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1. Use AD {AS graphs to show the short -run effects of each of the following shocks on the aggregate price level and on aggregate

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1. Use AD {AS graphs to show the short -run effects of each of the following shocks on the aggregate price level and on aggregate output . a. The price of copper , steel, and other commodities has risen in global markets . ans 2 m ERAS PE I. I l AD L \

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