Question: Describe and draw a graph using aggregate demand and aggregate supply curves, the effect on gross domestic product, employment, and inflation with each of the

Describe and draw a graph using aggregate demand and aggregate supply curves, the effect on gross domestic product, employment, and inflation with each of the following:

2. Is gross domestic product and accurate measure of the standard of living? Why or why not? 3. Describe and draw a graph using aggregate demand and aggregate supply curves, the effect on gross domestic product, employment, and inflation with each of the following: a) A war b) Elimination of environmental regulations c ) Cuts in welfare benefits

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