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Suppose that in 2022 the following things will happen in the US economy: Consumers become considerably more confident about the future: and energy prices fall

Suppose that in 2022 the following things will happen in the US economy:

  1. Consumers become considerably more confident about the future: and
  2. energy prices fall significantly as a result more technological innovations in drilling.

Explain in three sentences the short-run effects of these change on the US economic growth, inflation, and interest rates.

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