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Suppose that an economy faces a decrease in Immigration. 1.Graph Aggregate demand and Aggregate supply in the short run to explain the effects of GDP
Suppose that an economy faces a decrease in Immigration.
1.Graph Aggregate demand and Aggregate supply in the short run to explain the effects of GDP and prices.
2.Suppose that government intervenes to correct the previous crisis and implement an expansionary fiscal policy. Show the effect of this policy on the previous graph and explain the changes in Prices and GDP.
3.Use a graph of unemployment and inflation to illustrate the changes in these 2 variables
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