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-In the Figure Above,the Economy Is at an Equilibrium with Real

Question 312

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  -In the figure above,the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110.As the economy moves toward its ultimate equilibrium,the ________ curve shifts ________ because ________. A) aggregate supply;leftward;the money wage rate rises B) aggregate supply;rightward;the money wage rate falls C) aggregate demand;rightward;the money wage rate falls D) aggregate demand;leftward;the money wage rate rises E) potential GDP;leftward;the money wage rate falls
-In the figure above,the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110.As the economy moves toward its ultimate equilibrium,the ________ curve shifts ________ because ________.


A) aggregate supply;leftward;the money wage rate rises
B) aggregate supply;rightward;the money wage rate falls
C) aggregate demand;rightward;the money wage rate falls
D) aggregate demand;leftward;the money wage rate rises
E) potential GDP;leftward;the money wage rate falls

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