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Please draw the curves for the questions. Please give me the answer ASAP. Thank you so much! 2. (3 points) Commodity prices are prices of

Please draw the curves for the questions. Please give me the answer ASAP. Thank you so much!

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2. (3 points) Commodity prices are prices of primary agricultural products and minerals. a. Display the AD-AS model to discuss the effect of a temporary fall in commodity prices on inflation and output, both in the short run and in the long run. b. Use the MP curve or the IS curve to discuss the effect of a temporary fall in commodity prices on the real interest rate. c. Display the short-run and long-run Phillips curves that are consistent with your answer in Parts (a) and (b). Explain your reasoning

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