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Aggregate demand-aggregate supply graph for scenario

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Reference no: EM132051461

Question 1

Please show a labeled aggregate demand and aggregate supply graph for the scenario.

In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes.

Question 2

Please show a labeled aggregate demand and aggregate supply graph for the scenario.

The price of a barrel of oil, a resource used by manufacturers, skyrockets amid wild speculation on Wall Street.

Reference no: EM132051461

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