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Price: 4,8,12,16,20
Quantity Demanded:10,000, 8000,6000,4000,2000
Quantity Supplied: 8000,8000,8000,8000,8000
a. Draw the demand and supply curves. What is unusual about the supply curve ? Why might this be true?
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The curve that shows quantities of total real output that will be offered for sale at various price levels is called the
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Required help using economic theory and applying to real world situations and current events.
"Suppose the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices"
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