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Aggregate Demand and Aggregate Supply Worksheet
Aggregate Demand (AD) and Aggregate Supply (AS)
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Order Paper Now1.Describe a specific event that could have caused the shift shown in the graph above.
2.When aggregate demand (AD) increases or shifts to the right, the equilibrium price
level ____________________, equilibrium output ____________________, and
increases/decreasesincreases/decreases
the rate of unemployment ____________________, assuming aggregate supply
increases/decreases
is upward sloping, as shown in the graph for question 1.
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