Question: Each scenario should have a graph and the written response. Don't separate the graphical illustration and the written response; they should go together for each
Each scenario should have a graph and the written response.
Don't separate the graphical illustration and the written response; they should go together for each scenario.
- A stock market collapse that hurts consumer and business confidence; as a result, the economy falls into the flat aggregate supply zone.
- Extremely rapid growth of exports. Currently, the economy is producing at full employment.
- Rising inflation concern. Currently, the economy is producing at the intermediate zone of the aggregate supply curve.
- A rise in oil prices and inputs costs. Make your own assumption of the original equilibrium.
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