Suppose that the economy of your country is growing at its full potential. Given long years of

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Suppose that the economy of your country is growing at its full potential. Given long years of growth, your country’s consumers have very high expectations regarding the future performance of the economy, and this translates into an abnormally high level of consumer confidence. By using aggregate supply and demand curves and other useful graphs, illustrate how this will affect the equilibrium output.

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Principles Of Macroeconomics

ISBN: 9781292303826

13th Global Edition

Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster

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