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Using the graphical illustration of AS-AD framework, show the effects of following events on real output and price level in the economy. A. A wave
Using the graphical illustration of AS-AD framework, show the effects of following events on real output and price level in the economy.
A.A wave of immigration increases the labor force.
B.An earthquake destroys some of the capital stock.
C.A technological advance improves the production.
D.The government raises taxes by $100 billion.
Government announces an interest rate cut to encourage business investment
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