Illustrate the change using the aggregate demand model, International Economics

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Illustrate the change using the aggregate demand model

Problem

Suppose that a sudden increase in aggregate demand moves the economy from its longrun equilibrium.

a. Illustrate this change using the aggregate demand-aggregate supply model.
b. What are the effects of this change in the short run and the long run?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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