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Monetary:
Consumer spending decrease >> shift in AD to the left first, then a shift in AS to the left via multiplier.
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Fiscal:
Taxation changes would affect business first (consumers take longer to adjust their spending habbits & also businesses get taxed more e.g. corporation tax) >> shift to the left in AS first and then AD (due to cons. spending and gove. spending decreases) moves to the left.
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