Based on Your Understanding of the Aggregate Supply and Aggregate

question 6

Essay

Based on your understanding of the aggregate supply and aggregate demand model and the IS-LM model,graphically illustrate and explain what effect an increase in the money supply will have on the economy.In your graphs,clearly illustrate the short-run and medium-run equilibria.

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Definitions:

Stress

refers to a state of mental or emotional strain resulting from adverse or demanding circumstances.

Historic Trauma

Psychological distress passed down through generations, resulting from catastrophic events experienced by ancestral groups.

Intergenerationally

Spanning or occurring between generations, often referring to the transmission of values, traditions, or skills.

Racial Microaggressions

Unconsciously delivered snubs, dismissive looks, gestures, and tones directed toward people of color that are pervasive and automatic in daily conversations and interactions as well as cumulative and detrimental to the emotional well-being of the individual. They appear in the form of microassaults, microinsults, and microinvalidation.