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History of the united states

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Reference no: EM132560176

The following events have occurred in the history of the United States:

  • A deep recession hits the world economy.
  • The world oil price rises sharply.
  • U.S. businesses expect future profits to fall.

Explain for each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.

Reference no: EM132560176

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