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Suppose that the economy is current at point B in the figure below. What are two possible macroeconomic events that might cause aggregate demand to
Suppose that the economy is current at point B in the figure below. What are two possible macroeconomic events that might cause aggregate demand to shift right from AD0 to AD1? (Assume the aggregate supply curve remains at AS0) What is the new equilibrium point after the shift in aggregate demand? If potential GDP is $1 trillion, does the economy have an inflationary gap, a recessionary gap, or no gap
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
8th Canadian Edition
134646355, 9780134842615 , 978-0134646350
