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Exhibit 10.6 -Refer to Exhibit 10.6 Which Shows the Equilibrium Price Level

Question 1

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Exhibit 10.6
Exhibit 10.6 -Refer to Exhibit 10.6 which shows the equilibrium price level and real GDP in an aggregate demand-aggregate supply model. Which of the following economic changes is depicted by a movement from point e to point e'? A) an increase in short-run aggregate supply B) an increase in long-run aggregate supply C) a decrease in short-run aggregate supply D) a decrease in long-run aggregate supply E) an increase in the aggregate quantity demanded
-Refer to Exhibit 10.6 which shows the equilibrium price level and real GDP in an aggregate demand-aggregate supply model. Which of the following economic changes is depicted by a movement from point e to point e'?


A) an increase in short-run aggregate supply
B) an increase in long-run aggregate supply
C) a decrease in short-run aggregate supply
D) a decrease in long-run aggregate supply
E) an increase in the aggregate quantity demanded

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