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Refer to the Graph Above

Question 126

Multiple Choice

Refer to the graph above. If aggregate supply shifts from AS<sub>1</sub> to AS<sub>2</sub>, then the price level will: A) Increase and real domestic output will increase B) Decrease and real domestic output will increase C) Increase and real domestic output will decrease D) Decrease and real domestic output will decrease Refer to the graph above. If aggregate supply shifts from AS1 to AS2, then the price level will:


A) Increase and real domestic output will increase
B) Decrease and real domestic output will increase
C) Increase and real domestic output will decrease
D) Decrease and real domestic output will decrease

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