Ad or as what happens to price level real gdp

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____________ AD or AS? What happens to: Price Level _______________ Real GDP _______________ Inflation _______________ _______________ Economic Growth _______________ 8. Assume that exports increase Which determinant? ____________ AD or AS? What happens to: Price Level _______________ Real GDP _______________ Inflation _______________ _______________ Economic Growth _______________ 9. Assume that there is a decrease in marginal tax rates which increases labor productivity Which determinant? ____________ AD or AS? What happens to: Price Level _______________ Real GDP _______________ Inflation _______________ _______________ Economic Growth _______________ 10. Assume that there is an poor harvests world wide which increases resource prices Which determinant? ____________ AD or AS? What happens to: Price Level _______________ Real GDP _______________ Inflation _______________ _______________ Economic Growth _______________ 11. Assume that there is a rise in the foreign exchange value of the dollar Which determinant? ____________ AD or AS? What happens to: Price Level _______________ Real GDP _______________ Inflation _______________ _______________ Economic Growth _______________ 12. Assume that there is an increase in labor training and
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education Which determinant? ____________ AD or AS? What happens to: Price Level _______________ Real GDP _______________ Inflation _______________ _______________ Economic Growth _______________ 13. Assume that there is an increase in consumer debt Which determinant? ____________ AD or AS? What happens to: Price Level _______________ Real GDP _______________ Inflation _______________ _______________ Economic Growth _______________ 14. Assume that there is a decrease in consumer confidence Which determinant?
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