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5. Illustrate how and why each of the following affects the aggregate demand (AD) curve: (a) A decrease in government purchases. (b) A cut in

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5. Illustrate how and why each of the following affects the aggregate demand (AD) curve: (a) A decrease in government purchases. (b) A cut in tax. (c) A decrease in planned investment spending by firms caused by pessimism about the future. Type your answer here

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