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Any assistance with the below would be great - I have really been struggling with these graphs. For each of the following exogenous (external) factors:
Any assistance with the below would be great - I have really been struggling with these graphs.
For each of the following exogenous (external) factors: show the shin in AS The economy begins In the intermediate AS range, so for ease of anatysis, the AS curve is depicted as modestly upward sloping and linear. Insen an arrow to clearly identify the shin. the graph, state the change - increase, decrease: or no change - in P and RGOP_ Here is an example of a completed graph The red arrow is sufficient to show the new equilibrium Real GDP Answer for P and RGDP: P decreases; RGDP increases The govemment invests in infrastructure which reduces production and distnbution costs GDP Answer for P and RGDP Climate change reduces worldwide agricultural productivitw GDP Answer for P and RGDP c. Atificial Intelligence is Widely applied irl many goods and services industriee GDP Answer for P and RGDP Government restricts immigration GDP Answer for P and RGDP The following exogenous (external) factors Will shift AD First, insen the original AD in the appropriate AS range, then show the shin to the new ACL Below the graph, state the change, either increase, decrease, or no change in P and RGOP a To reduce high Mation, the government increases personal and business taxes GDP Answer for P and RGDP
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