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Using the SRAS, LRAS, AD framework, demonstrate in graph/plot the short-run and long-run effects if there is a. A fall in demand for exports b.

Using the SRAS, LRAS, AD framework, demonstrate in graph/plot the short-run and long-run effects if there is a. A fall in demand for exports b. A fall in the price of oil for a non-oil producing country c. A technological improvement that raises the efficiency of production.

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