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Explain whether each of the following events shifts the short-run aggregate-supply curve, the aggregate- demand curve, both, or neither. For each event that does shift a curve, draw a diagram to

Explain whether each of the following events shifts the short-run aggregate-supply curve, the aggregate- demand curve, both, or neither. For each event that does shift a curve, draw a diagram to illustrate the effect on the economy. a. Households decide to save a larger share of their income. b. Florida orange groves suffer a prolonged period of below-freezing temperatures. c. Increased job opportunities overseas cause many people to leave the country.

Apr 05 2021 View more View Less

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