n this aggregate demand model, which one of the following statements correctly describes the economy if it is at point Y on the diagram? 1 - The economy is at the full employment equilibrium 2- There are forces that are tending to make income (output) fall. 3-There are forces that are tending to make income (o

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Q: the economy had been operating at a full- employment equilibrium, a. Describe the macroeconomic…

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Q: None

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Q: The graphs illustrate an initial equilibrium for the economy. Suppose that the government increases…

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Q: What happens to the Aggregate Demand (AD) when there is an increase in Government purchases

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Q: Assume the economy is in long-run equilibrium in 2019. Use the Aggregate Demand and Aggregate Supply…

A: Hi thanks for the question. Since there are multiple questions posted, we will answer first three…

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Q: macro-economy

A: Normal 0 false false false EN-IN X-NONE X-NONE…

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Q: The following graph shows the aggregate demand (AD) curve in a hypothetical economy. At point A, the…

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