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Use an aggregate demand and aggregate supply diagram to illustrate and explain how each of...

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Use an aggregate demand and aggregate supply diagram to illustrate and explain how each of the following will affect the equilibrium price level and real GDP I. Consumers expect a recession 2. Foreign income rises 3. Foreign price levels fall 4. Governmentspending increases 5. Workers expect high future inflation and negotiate higher wages now 6. Technological improvements increase productivity

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