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6. On Graph 2 below show the effect of the reduction of business confidence on the New Zealand Economy. Label any new curve(s), Price Level
6. On Graph 2 below show the effect of the "reduction of business confidence on the New Zealand Economy. Label any new curve(s), Price Level and Real GDP appropriately. Graph 1: The New Zealand Economy Price Level AS PL AD Y Full Real G.D.P b. Describe the expected response of the Reserve Bank of New Zealand to this situation. c. Fully explain the effect of your answer in (b) on: Consumption Investment
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