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Please answer the following: Aggregate Demand and Aggregate Supply 1. SAS and AD (Short-Run) LAS and AD (Long-Run) a. Label the axes, the SAS, potential

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Aggregate Demand and Aggregate Supply 1. SAS and AD (Short-Run) LAS and AD (Long-Run) a. Label the axes, the SAS, potential or full-employment level of output (LAS), and AD curves on the appropriate graphs. Which one represents the economy in the long-run? The short-run? How do you know? b. Demonstrate on the short-run and the long-run graphs the impact of the contractionary monetary policy. Explain what happened

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