Using aggregate demand and aggregate supply, graph the effects on the price level and GDP of each of the following. Draw
Posted: Sun Jun 05, 2022 4:02 pm
Using aggregate demand and aggregate supply, graph the effects
on the price level and GDP of each of the following. Draw a large
graph and label all axes, initial and final equilibrium points,
direction of shift if any, all curves and lines, equilibrium values
on the x- and y-axes. State the conclusion in words.
1. A cut in income taxes
2. An increase in military spending
3. A drop in export demand by foreign purchasers
4. An increase in imports
5. A decline in business investment spending
on the price level and GDP of each of the following. Draw a large
graph and label all axes, initial and final equilibrium points,
direction of shift if any, all curves and lines, equilibrium values
on the x- and y-axes. State the conclusion in words.
1. A cut in income taxes
2. An increase in military spending
3. A drop in export demand by foreign purchasers
4. An increase in imports
5. A decline in business investment spending