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All factors should be illustrated on one graph.
Illustrate the effects of changes in various factors on a nation's aggregate demand.
Include expectations about the future expectations, fiscal policy, monetary policy, and changes in the world economy.
Step 2:
What are the determinants of aggregate demand?
Examine changes in aggregate demand and aggregate supply, using the data from Step 1 and Step 2.
How do these changes affect the business cycle?
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