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Economics 1. Using the natural rate model, identify and diagrammatically represent the changes in P, Y, W, and N in the short run and in

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Economics 1. Using the natural rate model, identify and diagrammatically represent the changes in P, Y, W, and N in the short run and in the long run for each of the following. Next, draw the short run and long run Phillips curves that are consistent with your results. a. Money supply rises b. Government purchase decline C. Autonomous investment rises d. Taxes decline

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