Question: Using AD and AS curves: a. Graphically show the effects of a temporary decrease in nonlabor input prices. b. How will your results change if

Using AD and AS curves:
a. Graphically show the effects of a temporary decrease in nonlabor input prices.
b. How will your results change if this decrease lasts for an extended period?
c. How would your results differ if the Fed intervened to keep the economy at full employment?

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