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Draw the aggregate AD/AS model (in P-Y space) in equilibrium. Show what happens if there is an increase in government spending. Next, show what happens
- Draw the aggregate AD/AS model (in P-Y space) in equilibrium. Show what happens if there is an increase in government spending. Next, show what happens if there is an increase in consumer taxes. Explain.
Please give examples if it helps clarify. Also please answer the question as if you are teaching it to someone who has no clue about macro.
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The American Economy
Authors: Walter Greason, William Gorman
1st Edition
1524902675, 9781524902674
