Some events change aggregate demand from AD0 to AD 1 and aggregate supply from AS 0 to
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Use Figure 13.2 to work Problem. Initially, the economy is at point B.
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FIGURE 13.2 Chapter Checkpoint Study Plan Problems 7 to 9 Price level (GDP price index) AS, 115 ASO 110 ..... 105 ..... 100 AD, 95 ADO 1.2 0.8 1.0 Real GDP (trillions of 2009 dollars)
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