Draw an aggregate demand and supply diagram

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Reference no: EM131391999

Draw an aggregate demand and supply diagram for Japan. In the diagram, show how each of the fol- lowing affects aggregate demand and supply. a. The U.S. gross domestic product falls. b. The level of prices in Korea falls. c. Labor receives a large wage increase. d. Economists predict higher prices next year.

Reference no: EM131391999

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