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Exhibit: AD-AS Shifts Starting from Long-Run Equilibrium at a with Output

Question 10

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Exhibit: AD-AS Shifts Exhibit: AD-AS Shifts Starting from long-run equilibrium at A with output equal to and the price level equal to P<sub>1</sub>, if there is an unexpected monetary contraction that shifts aggregate demand from AD<sub>1</sub> to AD<sub>3</sub>, then the short-run nonneutrality of money is represented by the movement from: A) A to B B) A to G C) A to C D) A to D Starting from long-run equilibrium at A with output equal to Exhibit: AD-AS Shifts Starting from long-run equilibrium at A with output equal to and the price level equal to P<sub>1</sub>, if there is an unexpected monetary contraction that shifts aggregate demand from AD<sub>1</sub> to AD<sub>3</sub>, then the short-run nonneutrality of money is represented by the movement from: A) A to B B) A to G C) A to C D) A to D and the price level equal to P1, if there is an unexpected monetary contraction that shifts aggregate demand from AD1 to AD3, then the short-run nonneutrality of money is represented by the movement from:


A) A to B
B) A to G
C) A to C
D) A to D

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