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Draw the diagram for each. 1. .A conflict in the middle east drives energy prices up while the government places orders for nearly $100 billion
Draw the diagram for each. 1. .A conflict in the middle east drives energy prices up while the government places orders for nearly $100 billion of new military equipment from American manufacturers 2. China enters the WTO, forcing the US to reduce tariffs on Chinese imports 3. Labor unions across the country successfully bargain for across the board wage increases 4. .Government spending on unemployment benefits and health care for out of work Americans is slashed 5. Improvements in technology increase households' real incomes and improve the productivity of labor in the country. 6. Looser immigration laws lead to an increase in the labor force, putting downward pressure on wages. 7. Education spending by state and federal government is reduced, which over time makes it harder for firms to higher skilled, qualified workers 8. The US government increases its spending on infrastructure, which increases efficiency and reduces costs for most American businesses 9. A weakening of the value of the US dollar against other major currencies makes American goods more attractive to foreign consumers 10. Lower interest rates make borrowing money for capital investments more attractive to businesses
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