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6. Draw the graph Make sure you correctly show Aggregate Demand and Aggregate Supply. Start with drawing equilibrium, and shift from there. Remember, label correctly

6.

Draw the graph

Make sure you correctly show Aggregate Demand and Aggregate Supply. Start with drawing equilibrium, and shift from there. Remember, label correctly and take to the lines.

a. Let's say England loves to buy our Wisconsin cheese. We export it there and they buy it up. Now let's say England had a big boom (expansion) and they want to import more of our Wisconsin cheese. In a graph, show me what that will do to OUR price level and real GDP.

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