Question: In the context of the basic macroeconomic model developed in class, analyze the impact of each of the following economic changes (ceteribus paribus) on domestic

In the context of the basic macroeconomic model developed in class, analyze the impact of each of the following economic changes (ceteribus paribus) on domestic real GDP, inflation, the unemployment rate, and the budget deficit. Be sure to explain the relationships and linkages carefully. Then illustrate your results using an aggregate demand- aggregate supply graph (separate graph for each change)

3) Oil prices continue to increase in international energy markets.

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