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Part 3 - Draw It- Draw a correctly labelled short -run aggregate supply curve and show what would happen as a result of each scenario

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Part 3 - Draw It- Draw a correctly labelled short -run aggregate supply curve and show what would happen as a result of each scenario 15 . Business and corporate taxes decrease 16 . Productivity decreases 17 . Businesses and workers expect significantly 18 . Consumer spending increases higher inflation in the near future Part 4 - Stretch Your Thinking - Consider the quote and answer the question "CARACAS , Venezuela - Giuseppe Cordivani's factory on the outskirts of the capital used to make nearly 300 pairs of women's shoes a day , from pumps to high -heeled dancing shoes that sold nationwide . With hyperinflation biting , he's making just 20 today ." The Wall Street Journal , March 2019 19 . According to the SRAS curve model , a higher price level should cause output to increase . Why might hyperinflation In Venezuela actually decrease output ? Explain your reasoning

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