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4. Use the Keynesian-cross diagram to analyze the eects of the following on real output. Please include a diagram for each part. [5 points each)

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4. Use the Keynesian-cross diagram to analyze the eects of the following on real output. Please include a diagram for each part. [5 points each) (a) Increase in taxes [increase decrease no change] (b) Decrease in government purchases [ increase decrease no change ] (c) Increase in housing prices. [increase decrease no change]

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