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    Principles of Macroeconomics Study Set 1
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    Exam 15: Aggregate Demand and Aggregate Supply
  5. Question
    Figure 33-9. -Refer to Figure 33-9. Suppose the Economy Starts Where LRAS
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Figure 33-9. -Refer to Figure 33-9. Suppose the Economy Starts Where LRAS

Question 483

Question 483

Multiple Choice

Figure 33-9. Figure 33-9.   -Refer to Figure 33-9. Suppose the economy starts where LRAS = AD1 = SRAS1. A decrease in short-run aggregate supply would be consistent with the movement to A)  P1, Y1. B)  P2, Y1. C)  P1, Y2. D)  P3, Y2.
-Refer to Figure 33-9. Suppose the economy starts where LRAS = AD1 = SRAS1. A decrease in short-run aggregate supply would be consistent with the movement to


A) P1, Y1.
B) P2, Y1.
C) P1, Y2.
D) P3, Y2.

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