using aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, explain the process by which each of the following government policies will move the ecnoomy from one long-run macroeconomic to another. Illustrate with diagrams. In each case, what are the short-run and long-run effects on the aggregate price level and aggregate output? There is an increase in taxes on households. There is an increase in the quantity of money. There is an increase in government purchases.

### Recently Asked Questions

- Complete parts (a) and (b) using the probability distribution below. The number of overtime hours worked in one week per employee Overtime hours 0 1 2 3

- How do you compute df for the chi-square test for goodness of fit? a. df = n – 1 b. df = n – C (where C is the number of

- Could kesmer have instituted her changes without eliciting a negative reaction from the worker? If so how?