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Economic growth in the scenarios

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Reference no: EM132405983

What will happen to the economic growth in the following scenarios, (in regards to AS and AD curves)?

  1. Economists note there is a slowdown in labor productivity in the manufacturing sector.
  2. Congress votes to halt all oil drilling in the Gulf of Mexico. 
  3. The board of directors at Millco announces plans to build six new regional factories in the United States that will produce capital and consumer goods for the entire western hemisphere.

Reference no: EM132405983

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