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What would be the effect of each of the following on aggregate demand or on aggregate supply, as indicated (always holding other things constant)? a.A

What would be the effect of each of the following on aggregate demand or on aggregate supply, as indicated (always holding other things constant)?

a.A large cut in personal and business taxes (onAD)

b.An arms-reduction agreement reducing defense spending (onAD)

c.An increase in potential output (onAS)

d.A monetary loosening that lowers interest rates (onAD)

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