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Question 4: Answer the following questions: (5marks) A. Discuss the effect of an increase in aggregate demand on the aggregate demand curve, real GDP and

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Question 4: Answer the following questions: (5marks) A. Discuss the effect of an increase in aggregate demand on the aggregate demand curve, real GDP and the price level in short run. (3 Marks) B. Write two points of comparison between long run and short run macroeconomic equilibrium. (2 Marks)

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