Assume Congress passes a law r

timer Asked: Nov 8th, 2015

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Assume Congress passes a law requiring anti-pollution devices be installed at every stage of the production process for goods made in the United States. a) Using a correctly drawn AD/AS graph, explain the short-run impact of these new regulations on each of the following for the United States.OutputPrice Levelb) How would borrowers be impacted by the economic change brought about as a result of the regulations? Are they helped or hurt? hint: Recall that “how” means “how and why.”

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