Draw relevant graphs indicating shift of ad and short-run as

Reference no: EM133713123

Problem

Evaluate the effect of the following on the AD curve, Short-Run AS curve, equilibrium price level(P) and equilibrium output(Y). (that is, What's the effect of the events on AD and/or AS?) Draw the relevant graphs indicating shifts of AD and/or Short-Run AS to find out the new price and output.

Reference no: EM133713123

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