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1. What is the short-run equilibrium price level and output? 2. Identify the short-run equilibrium price level and output if consumer spending fell? 3. Identify

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1. What is the short-run equilibrium price level and output? 2. Identify the short-run equilibrium price level and output if consumer spending fell? 3. Identify the short-run equilibrium price level and output if investment increased? 4. Identify the short-run equilibrium price level and output after a negative supply shock? 5. If the real GDP was Y, what types of 3 unemployment would exist

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