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Show the impact on real output and price level

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Question: Unemployment rate is expected to drops to 4.4 percent. Using Aggregate Demand/Aggregate Supply (AD/AS) model show the impact on real output and price level when there is: A. Drop in unemployment rate B. Higher labor force participation rate. (Millions who left the labor market return to seek Work). The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132149053

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