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    Economics Study Set 6
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    Exam 24: Aggregate Demand and Aggregate Supply Analysis
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    Figure 24-4 -Refer to Figure 24-4.In the Figure Above,LRAS1 and SRAS1 Denote
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Figure 24-4 -Refer to Figure 24-4.In the Figure Above,LRAS1 and SRAS1 Denote

Question 96

Question 96

Multiple Choice

Figure 24-4 Figure 24-4   -Refer to Figure 24-4.In the figure above,LRAS1 and SRAS1 denote LRAS and SRAS in year 1,while LRAS2 and SRAS2 denote LRAS and SRAS in year 2.Given the economy is at point A in year 1,what is the growth rate in potential GDP in year 2? A) 8% B) 9.1% C) 10% D) 12%
-Refer to Figure 24-4.In the figure above,LRAS1 and SRAS1 denote LRAS and SRAS in year 1,while LRAS2 and SRAS2 denote LRAS and SRAS in year 2.Given the economy is at point A in year 1,what is the growth rate in potential GDP in year 2?


A) 8%
B) 9.1%
C) 10%
D) 12%

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