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Draw the following four graphs with an economy experiencing an inflationary gap: money market, investment demand, aggregate demand and supply (with the LRAS), and the

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Draw the following four graphs with an economy experiencing an inflationary gap: money market, investment demand, aggregate demand and supply (with the LRAS), and the Phillips curve. Show what happens in the short-run on all three graphs when the central bank decreases the money supply. /5)

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