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Exhibit 11-4 -The Graph in Exhibit 11-4, When Aggregate Supply Is AS

Question 22

True/False

Exhibit 11-4 Exhibit 11-4 -The graph in Exhibit 11-4, when aggregate supply is AS, the equilibrium output and price level will be Y<sub>2</sub> and P<sub>2</sub>.
-The graph in Exhibit 11-4, when aggregate supply is AS, the equilibrium output and price level will be Y2 and P2.

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