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a) Plot the AD/AS diagram from the data shown. Identify the equilibrium. b) Imagine that, as a result of a government tax cut, aggregate demand

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a) Plot the AD/AS diagram from the data shown. Identify the equilibrium. b) Imagine that, as a result of a government tax cut, aggregate demand becomes higher by 50 at every price level. Identify the new equilibrium. c) How will the new equilibrium alter output? d) How will it alter the price level? What do you think will happen to employment

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