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Refer to the Diagram Given Below

Question 120

Multiple Choice

Refer to the diagram given below. Refer to the diagram given below. If aggregate supply shifts from AS<sub>1</sub> to AS<sub>3</sub>, then the real domestic output will: A) increase and the price level will increase. B) increase and the price level will decrease. C) decrease and the price level will increase. D) decrease and the price level will decrease. If aggregate supply shifts from AS1 to AS3, then the real domestic output will:


A) increase and the price level will increase.
B) increase and the price level will decrease.
C) decrease and the price level will increase.
D) decrease and the price level will decrease.

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