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principles of Macroeconomics ECON125 Fall 18-Common exam Question

principles of Macroeconomics ECON125 Fall 18-Common exam Question 4 1. Explain how each of the following events would effect the AD curve: (3 points) 1) An increase in the price level. 2) An increase in government purchases........ 3) Firms become optimistic about the economy.. II. Explain how each of the following events would effect the short Run Supply Curve: 12 points) 1) An increase in the expected price level of the future.... 2) Technological improvement...

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