A the value of the indonesian rupiah rose about 50 against


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 Indonesian Rupiah rose about 50% against the yen and 20% against the mark."

(b) "Jakarta Composite Index closed at 5,000 for the first time"

(c) "Government spending in civilian capital and infrastructure, education, and research and development is falling."

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