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Events on the aggregate demand curve

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Reference no: EM132456363

Describe briefly the likely effect of the following events on the aggregate demand curve:

a. A boost in research and development by computer companies produces more powerful and efficient computers and equipment.

b. Income falls in several countries that trade heavily with the U.S.

c. After a budget surplus, congress moves to cut personal income taxes.

Reference no: EM132456363

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