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Business, 23.10.2019 17:50 kelenski4

Identify this full-employment equilibrium. instructions: use the tool provided 'qf' to identify the full-employment equilibrium. b. show the initial change in aggregate demand when consumer spending falls by $100 billion. instructions: use the tool provided 'ad1' to draw a new ad curve that represents this change in consumer spending. the ad1 curve should be a straight line starting at price level = 500 and ending at price level = 50 (the same as the endpoints for ad0). c. show the total impact on aggregate demand once multiplier effects are taken into account. assume the marginal propensity to consume = 0.6.

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