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Some events change aggregate demand from AD0 to AD1.Describe two events that could have created this change in aggregate demand. What is the equilibrium after
Some events change aggregate demand from AD0 to AD1.Describe two events that could have created this change in aggregate demand. What is the equilibrium after aggregate demand changed? If potential GDP is $1 trillion, the economy is at what type of macroeconomic equilibrium?
Use the following graph to work Problems 6 to 8. Initially, the short-run aggregate supply curve is SAS and the aggregate demand curve is ADo- LAS SAST Price level 115 SASO 110 ID 105 A C 100 95 AD1 ADO O 0.8 1.0 1.2 Real GDP (trillions of 2009 dollars]Step by Step Solution
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