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Indicate how aggregate demand and aggregate supply

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Reference no: EM133377895

Indicate how aggregate demand and/or aggregate supply will shift in each event below and if GDP and price will be higher or lower (equilibrium):

Consumers expect a recession.

Foreign income rises.

Foreign price levels fall.

Government spending increases.

Workers expect higher future inflation and negotiate higher wages now.

Technological improvements increase productivity.

Reference no: EM133377895

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