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Quantity of real gdp

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What is happen to the short run equilibrium 1. price level, 2. quantity of Real GDP, and 3. unemployment rate in each of the following cases? (Increase, Decrease, or Stay the same). Please explain and show the answer graphically also.

  • Interest rates in the economy increase.
  • The prices of raw materials (inputs) increase.
  • Foreign real national income increases.

Reference no: EM132482871

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