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Resubmitting: Chapter 19 Problem 16 (Page 437) AGGREGATE DEMAND AND SUPPLY:
Resubmitting: Chapter 19 Problem 16 (Page 437) AGGREGATE DEMAND AND SUPPLY: Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction? What happens to aggregate output and the price level in each case?A.