Question

Using aggregate demand and aggregate supply analysis, show the effects of the following (Assume a Keynesian...

Using aggregate demand and aggregate supply analysis, show the effects of the following (Assume a Keynesian aggregate demand curve and ordinary upward-sloping aggregate supply curve.):

            a. inflation

            b. a decrease in export spending

            c. a decrease in the price of resources.

            d. an income tax cut

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Answer #1

NOTE: The first part has been answered in the end .

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