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Macroeconomics Chapter 9: Adjustment, Multiplier, AD–AS, and Automatic Stabilizers — Guided Study

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AD-AS Model: Equilibrium in the Short Run and Long Run

Short Run Aggregate Supply

Long Run Aggregate Supply

Aggregate Demand

Shifting Aggregate Demand

Introduction to Fiscal Policy

Expansionary and Contractionary Fiscal Policy

Government Purchases and the Multiplier Effect

Taxes, the Multiplier Effect, and Automatic Stabilizers

Taxes, the Multiplier Effect, and Automatic Stabilizers