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1.Use the model of aggregate demand and aggregate supply (long run and short run) to explain how each of the following would affect real GDP

1.Use the model of aggregate demand and aggregate supply (long run and short run) to explain how each of the following would affect real GDP and the price level in the short run. Include graphs in your answers.

a.An increase in government purchases (5 points)

b.A major improvement in technology (5 points)

A reduction in net exports

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