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Using economic concepts, discuss the impact of the following events in the equilibrium price level and output. A. workers, expecting higher inflation in australia, succeed

Using economic concepts, discuss the impact of the following events in the equilibrium price level and output.

A. workers, expecting higher inflation in australia, succeed in negotiating an enterprises agreement with higher wages.

B. In an effort to fight economic recession Australian Government decides to increase spending.

C. Business confidence improves, leading business to invest more.

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