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Suppose that the stock market crashes and consumer and business condence plummets. Using the line dram-rang tool, show how this event impacts the economy in
Suppose that the stock market crashes and consumer and business condence plummets. Using the line dram-rang tool, show how this event impacts the economy in the short run. PropeliguI label this line. Note: if you are not prompted for a label, then you have used the wrong drawing tool. According to your graph, the decrease in aggregate demand produces Q 13.. an increase in real GDP and a decrease in the price level. 0 B. an increase in both real GDP and the price level. 0 C. a decrease in real GDP and an increase in the price level. 0 D. a decrease in both real GDP and the price level. Price Level LRAS SF\"'51 no1 Real GDP per Year 11$ trillions} 53.9 i3"
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