Question: Explain how each of the following changes would shift the aggregate expenditure function (Chapter 12) and the aggregate demand curve (Chapter 14): a. An increase

Explain how each of the following changes would shift the aggregate expenditure function (Chapter 12) and the aggregate demand curve (Chapter 14):

a. An increase in personal taxes

b. An increase in expected profits and business confidence

c. A decrease in the level of foreign GDP or real income

d. A decrease in the nominal money supply by the Federal Reserve

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