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Aggregate supply and aggregate demand

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Reference no: EM131192066

Answer the following problem from the chapter on Aggregate Supply and Aggregate Demand:

Based on our discussion in class, use the AS-AD model to graph the following issues with economic growth and instability:

  1. Demand Pull Inflation and Expansionary GDP gap
  2. Cost Push Inflation and Recessionary GDP gap
  3. Economic Recession and Cyclical Unemployment
  4. Full employment and equilibrium GDP
  5. Economic expansion and deflation

Reference no: EM131192066

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