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Fed and government policies can shift aggregate demand and cause movement along the Philips curve. (Graphs Required) 1. How should an open market purchase impact
Fed and government policies can shift aggregate demand and cause movement along the Philips curve. (Graphs Required) 1. How should an open market purchase impact unemployment and inflation? Provide the direction of the AD shift and the direction of the movement along the Philips curve. USE GRAPHS (4 points) 2. How should an increase in taxes impact unemployment and inflation? Provide the direction of the AD shift and the direction of the movement along the Philips curve. USE GRAPHS (4 points)
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