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By using aggregate supply and aggregate demand curves to illustrate your points, discuss the impacts of the following events on the price level (P) and

By using aggregate supply and aggregate demand curves to illustrate your points, discuss the impacts of the following events on the price level (P) and on equilibrium GDP (Y) in the short runShow them in the graph and what kind of policy could it by?

a)An increase in the money supply with the economy operating at near full capacity.

b) A decrease in taxes and an increase in government pending supported by a cooperative FED acting to keep output from rising.

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