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Exhibit 17-1 Aggregate Demand and Supply Model

question 18

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Exhibit 17-1 Aggregate demand and supply model
Exhibit 17-1 Aggregate demand and supply model    -Beginning at equilibrium E₁ in Exhibit 17-1,when the government increases spending or cuts taxes the economy will experience: A) an inflationary recession. B) stagflation. C) cost-push inflation. D) demand-pull inflation. E) steady state.
-Beginning at equilibrium E₁ in Exhibit 17-1,when the government increases spending or cuts taxes the economy will experience:


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