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(Figure: Determining SRAS Shifts) Which Statement Is NOT Correct

Question 215

Multiple Choice

(Figure: Determining SRAS Shifts) Which statement is NOT correct? (Figure: Determining SRAS Shifts) Which statement is NOT correct? A) Equilibrium output is $3,000 worth of goods and services. B) An increase in aggregate demand would lead to deflation. C) Full employment occurs when the economy produces $3,000 worth of goods and services. D) In the short-run equilibrium, output can be greater than or less than $3,000.


A) Equilibrium output is $3,000 worth of goods and services.
B) An increase in aggregate demand would lead to deflation.
C) Full employment occurs when the economy produces $3,000 worth of goods and services.
D) In the short-run equilibrium, output can be greater than or less than $3,000.

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