Essay
For each of the following "quotes" from The Wall Street Journal,draw a picture to show how the AD curve will shift.Label your original curve AD0 and your new curve AD1.
(a)"The value of the US dollar rose about 50% against the yen and 20% against the mark."
(b)"The Dow Jones Industrials closed above 25,000 for the first time."
(c)"Federal investment in civilian capital and infrastructure,education,and research and development is falling."
Correct Answer:

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