Chapter 8, Problem 9E

To determine

(a)

To write:

The impact of fall in the US gross domestic product on the economy of Japan using aggregate demand and aggregate supply diagram.

To determine

(b)

To write:

The impact of fall in price level in Korea on the economy of Japan using aggregate demand and aggregate supply diagram

To determine

(c)

To write:

The impact of large wage increases on the economy of Japan using aggregate demand and aggregate supply diagram.

To determine

(d)

To write:

The impact of a prediction of high price rise next year on the economy of Japan using aggregate demand and aggregate supply diagram