How a change in aggregate supply would cause deflation


Problem

In the diagram for this exercise, use aggregate demand and aggregate supply curves to show an economy initially at equilibrium and identify the price level as P.

Illustrate how a change in aggregate supply would cause deflation.

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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Macroeconomics: How a change in aggregate supply would cause deflation
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