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3. Economic Growth a. Define capital stock. Use the aggregate demand and supply to show the effects of a decrease in interest rates in the

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3. Economic Growth a. Define capital stock. Use the aggregate demand and supply to show the effects of a decrease in interest rates in the short-run and in the long-run. Explain why each curve shifts. Also explain why an increase in consumer spending would not have the same effect in the long-run. /4)

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