Question: improvements. On the graph you drew previously, show how the decreased infrastructure expenditures affect the following in the short run. i. Aggregate demand, label the

improvements. On the graph you drew previously, show how the decreased infrastructure expenditures affect the following in the short run. i. Aggregate demand, label the new curve as AD, ii. Equilibrium real output and price level, labeled as Y, and PL,, respectively c. What is the likely impact of the decrease in infrastructure spending on each of the following! i. Unemployment ii. Budget deficit/surplus

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