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will life ald of aggregate dellland-aggregate supply diagramlis, state life type Of policy taken and provide a detailed explanation of the impact of each policy

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will life ald of aggregate dellland-aggregate supply diagramlis, state life type Of policy taken and provide a detailed explanation of the impact of each policy on the economy. (Note: Treat each case separately.) a. The government decides to increase income taxes paid by households. ( 10 marks ) b. The Central Bank decides to reduce discount rates. ( 10 marks )

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