1. What is the slope of the Aggregate-Supply curve in the short run? In the long run?...
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Question:
1. What is the slope of the Aggregate-Supply curve in the short run? In the long run? What shifts the AS curve(s)?
2. How does the interest-rate effect help explain the slope of the aggregate-demand curve?
3. How can the central bank use monetary policy to shift the AD curve?
4. In what two ways does fiscal policy affect aggregate demand?
5. What are the arguments for and against using policy to try to stabilize the economy?
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