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I. Illustrate each of the following situations with a graph showing the Short-run Aggregate Supply curve: a. An increase in price of crude oil b.

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I. Illustrate each of the following situations with a graph showing the Short-run Aggregate Supply curve: a. An increase in price of crude oil b. A decrease in the capital stock C. An increase in the size of labor force d. A decrease in productivity of labor and capital II. Illustrate each of the following situations with a graph showing IS curve: a. An increase in government spending b. An increase in taxes III. Illustrate each of the following situations with a graph showing Fed rule curve: a. An increase in Z factors b. A decrease in the price level IV. Illustrate each of the following situations with a graph showing AS and AD curve and show the changes in equilibrium values of the price level and aggregate output: a. An increase in the capital stock and decrease in taxes b. A decrease in energy prices and increase in Government spending

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