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1) Refer to the AD-AS graph below. AD2 LRAS AS Price Level B ADi A Potential GOP Real Output Sketch the SR Phillips curve. Label

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1) Refer to the AD-AS graph below. AD2 LRAS AS Price Level B ADi A Potential GOP Real Output Sketch the SR Phillips curve. Label both axes Next, on this Phillips curve show where point A from the graph above would be Then, on the same Phillips curve show where point B from the graph above ould be W nswer: A

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