please graph the following scenerios in the goods and services markets (AD/AS model) and provide an answer key. 5. The U.S. dollar strengthens against the currency of a major trading partner. 6. The President and Congress provide tax cuts to firms which will reduce labor costs. 7. As inventories unexpectedly build, there is a decrease in capital and inventory purchases. 8. The President and Congress pass the American Recovery Act by increasing government spending on infrastruc- ture.

please graph the following scenerios in the goods and services markets (AD/AS model) and provide an answer key. 5. The U.S. dollar strengthens against the currency of a major trading partner. 6. The President and Congress provide tax cuts to firms which will reduce labor costs. 7. As inventories unexpectedly build, there is a decrease in capital and inventory purchases. 8. The President and Congress pass the American Recovery Act by increasing government spending on infrastruc- ture.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter10: Kenesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy

Section: Chapter Questions

Problem 3WNG

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