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The US enters into a new free trade agreement. How does this affect Aggregate Demand and Supply? What are the corresponding effects on Unemployment and

The US enters into a new free trade agreement.

  1. How does this affect Aggregate Demand and Supply?
  2. What are the corresponding effects on Unemployment and Inflation as a result?
  3. What fiscal and or monetary policies would you recommend to bring the economy back to Long Run Equilibrium?
  4. Why would or why wouldn't you support this trade policy?

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