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model of aggreg… Show more Assume that an economy is initi

Paper help Economics model of aggreg… Show more Assume that an economy is initi

Economics

model of aggreg… Show more Assume that an economy is initi

model of aggreg… Show more Assume that an economy is initially operating at the natural rate of output. Use the model of aggregate demand and aggregate supply (using the upward-sloping short-run aggregate supply curve) to illustrate graphically the short-run and long-run effects on price and output of a reduction in government spending that produces a budget surplus. • Show less

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