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Draw a basic aggregate demand and supply graph (with LRAS constant) that shows the economy is in long-run equilibrium, label it as A. a) Assume that there is a large increase in demand for Canadian exports. Show the resulting short-run equilibrium on your graph. In this short-run equilibrium, call it B, is the unemployment rate likely to be higher or lower than it was before the increase in exports? Briefly explain

asked
User Fenixil
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7.5k points

1 Answer

3 votes
Answer: B

Expiation:
answered
User Fanch
by
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