Exam 10: Dynamic Change, economic Fluctuations, and the Ad-As Model

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Which of the following will most likely cause an increase (shift to the right)in both the long-run and short-run aggregate supply curves?

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Once decision makers fully adjust to an increase in the general price level,

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Which of the following would be most likely to shift the long-run aggregate supply curve (LRAS)to the right?

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Use the figure below to answer the following question(s). Figure 10-2 Use the figure below to answer the following question(s). Figure 10-2    -At which point in Figure 10-2 is the economy experiencing an economic recession? -At which point in Figure 10-2 is the economy experiencing an economic recession?

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