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Textbook Site for:
Macroeconomics , Fifth Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
Internet Exercises
AD/AS Analysis and the U.S. Economy


Examine the analysis of recent changes in GDP provided by The Dismal Scientist.

Questions

  1. Based on this discussion, what shifts in aggregate demand and/or short-run aggregate supply were responsible for the most recently reported changes in GDP?
  2. What were the causes of the changes in these curves? For each factor listed, explain why it would cause the AD or AS curve to shift.




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