Home S WED S WED S PRIQ S NOQ W LA Q W Call W CUP W OBQ New W Docun . W Valy W Vall W Val? W Docur . W LAQ > =Menu Home Insert Page Layout References Mailings Review View Section Tools : V WPS Premium have supported more than 30 kinds of privileges, Rejoin WPS Premium to experience new privileges! Buy Now 5 3 2 1 2 6 9 10 1 1 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 Learning Activity 8 Name: Use the model of aggregate demand and short-run aggregate supply to explain how each of the following would affect real GDP and the price level in the short run. Draw appropriate graphs and show changes. 1. an increase in government purchases 2. a reduction in nominal wages 3. a major improvement in technology 4. a reduction in net exports Page Num: 1 rage: Section: Row: 2 Column: 1 Words: 59 [ Spell Check . Local backup on + 238 %