Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
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Category > Management Posted 26 Oct 2017 My Price 3.00

longrun equilibrium price

Explain how, if at all, each of the following events would affect equilibrium real GDP and the longrun equilibrium price level.

a. A reduction in the quantity of money in circulation

b. An income tax rebate (the return of previously paid taxes) from the government to households,

which they can apply only to purchases of goods and services

c. A technological improvement

d. A decrease in the value of the home currency in terms of the currencies of other nations

 

Q

 
 

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Maurice Tutor
(5)
Status NEW Posted 26 Oct 2017 03:10 PM My Price 3.00

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