Part 3 long question on as ad model comparative

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Chapter 33 / Exercise 8
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Part 3: Long Question on AS-AD Model Comparative Staticsof an Increase in z(25 points)Show what our AS-AD model predicts will happen to the variables in the table below in both the short-run (SR) and long-run (LR) in response to an increase in z. Show all of your work. No points will be awarded for unjustified answers. Use back of page if necessary. All graphs should be fully labeled.PYrCIW/PNSR+-+--+-LR +-+--+-7
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Principles of Economics
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Chapter 33 / Exercise 8
Principles of Economics
Mankiw
Expert Verified
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Part 5: Growth TheoryThe solutions to this part are included in a separate document titled “Practice Final - Growth Solution.pdf”10

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