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4 - a) Use the AS-AD model to explain how Canada's declining business confidence can change the short-run equilibrium real GDP and price. Provide a

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4 - a) Use the AS-AD model to explain how Canada's declining business confidence can change the short-run equilibrium real GDP and price. Provide a supporting graph. b) Use the AS-AD model to explain how Canada's economy can adjust (from the declining business confidence in part a) in the long-run to restore full-employment equilibrium. Provide a supporting graph

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