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Use the dynamic aggregate demand and aggregate supply model and start with Year 1 in a long-run macroeconomic equilibrium.For Year 2,graph aggregate demand,long-run aggregate supply,and short-run aggregate supply such that the condition of the economy will induce the president and Congress to conduct contractionary fiscal policy.Briefly explain the condition of the economy and what the president and Congress are attempting to do.
Statistically Significant
A measure indicating that the results observed in a study are unlikely to have occurred by chance, suggesting a real effect.
Correlational
Pertaining to the measurement or establishment of a relationship between two or more variables.
Comparison Group
A group used in an experiment as a standard of comparison for checking the results of a survey or experiment - essentially, the group against which the experimental group's outcomes are measured.
Pornography
Media content intended to sexually arouse through explicit depiction of sexual acts.
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