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Textbook Site for:
Fundamentals of Economics
, Second Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
Internet Exercises
Business Cycles and AD/AS
Examine the
analysis of recent changes in GDP
provided by
Bureau of Economic Analysis
.
Questions
What shifts in aggregate demand and/or short-run aggregate supply were responsible for the most recently reported changes in GDP?
For each factor listed, explain why it would cause the AD or AS curve to shift.
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