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Unexpectedly good harvest of corn

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Reference no: EM132323611

Suppose an unexpectedly good harvest of corn occurred in 2019.  Using a properly labeled aggregate demand and aggregate supply graph, show what the model predicts will happen to each of the following:

  1. Output (up or down):______________
  2. Employment (up or down): _________
  3. P-levels (up or down):_____________

Reference no: EM132323611

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