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With this data given below (which are from the sources I attached under, make a new graph for Short-Run AD-AS, and in the topics covered
With this data given below (which are from the sources I attached under, make a new graph for Short-Run AD-AS, and in the topics covered image, make sure all are explained. If a new source is introduced, make sure to cite.
Sources: . [1] "After the Crisis: Assessing the Damage in Italy," by Hanan Morsy and Silvia Sgherri; IMF Working Paper 10/244; October 2010 https://www.imf.org/en/Coul . [2] "Italy: Unemployment rate from 1990 to 2023," https://www.statista.com/s rate-in-italy/ . [3] "Fiscal Policy" https://www.investopedia.(In this application you will be charged with demonstrating that you understand the causes and effects of shifts in aggregate demand and short-run aggregate supply. Show me that you are able to apply the topics that we have discussed to real world scenarios. Topics/Terms: - Fiscal policy o Expansionary fiscal policy o Contractionary fiscal policy - Budget deficit vs. budget surplus - Aggregate demand - Causes of shifts in the AD curve - Aggregate supply - Causes of shifts in the SRAS curve - Short-run equilibrium o Recessionary (deflationary) Gap o Inflationary Gap o Short-run Full Employment EquilibriumStep by Step Solution
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