Question: Using our Aggregate Demand/Aggregate supply model, describe how the following events would affect aggregate demand or aggregate supply, and in turn affect real output and

Using our Aggregate Demand/Aggregate supply model, describe how the following events would affect aggregate demand or aggregate supply, and in turn affect real output and the price level. Post comments on one or two events only. Fracking technology matures and significantly reduces the costs of producing oil and natural gas.

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