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-Using the Graph Above, If Economic Policy Causes Aggregate Demand

Question 31

Essay

  -Using the graph above, if economic policy causes aggregate demand curve shifts from AD2 to AD1, then what will happen to the equilibrium level of output and the price level? Explain.
-Using the graph above, if economic policy causes aggregate demand curve shifts from AD2 to AD1, then what will happen to the equilibrium level of output and the price level? Explain.

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Equilibrium output w...

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