Question: Draw a diagram with aggregate demand, short-run aggregate supply and long-run aggregate supply. Be careful to label your diagram correctly. What might cause the aggregate

Draw a diagram with aggregate demand, short-run aggregate supply and long-run aggregate supply. Be careful to label your diagram correctly. What might cause the aggregate demand curve to shift to the left and what might cause the aggregate supply curve to shift to the left. Draw and trace through the basic effects of each of these shifts on your diagram.(10 marks)

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