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Figure 27.1 -Use Figure 27.1 Above to Answer the Following Question. Assume

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Figure 27.1 -Use Figure 27.1 above to answer the following question. Assume that the aggregate expenditure function depicted in the graph is based on an interest rate of 3%. Now assume that the interest rate rises to let's say 6%. Graphically illustrate the impact that this will have on the aggregate expenditure function and equilibrium output. Explain your answer. Figure 27.1
-Use Figure 27.1 above to answer the following question. Assume that the aggregate expenditure function depicted in the graph is based on an interest rate of 3%. Now assume that the interest rate rises to let's say 6%. Graphically illustrate the impact that this will have on the aggregate expenditure function and equilibrium output. Explain your answer.

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An increase in the interest ra...

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