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What impact would you expect each of the following events

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1. What impact would you expect each of the following events to have on business cycles? Label each as a demand-side or supply-side shock.

a. Defense production increases due to the imminent threat of war.

b. Net exports decline due to a deep recession in Europe.

c. A sharp increase in technology innovation leads to significant productivity growth. 

Reference no: EM13974932

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