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5 Other things the same, continued technological progress and continued increases in the money supply would unambiguously lead to ad out of Select one: arising

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5 Other things the same, continued technological progress and continued increases in the money supply would unambiguously lead to ad out of Select one: arising real GDP only. . b rising prices and rising real GDP C. rising prices only d. neither rising prices nor rising real GDP. on Figure 13-4 Price level LRAS: LRAS SRAS, SRASZ 112 110 AD AD 0 11.0 11,8 121 Real GDP (trillions of dollars) Refer to Figure 13-4. In the figure above, AD1, LRAS and SRAS denote AD, LRAS and SRAS in year 1, while AD2, LRAS2 and SRAS2 denote AD, LRAS and SRAS in year 2. Given the economy is at point A in year 1, what is the actual growth rate in GDP in year 2? Select one: a. 10.0% b. 7.3% c. 2.5% d. 8.0%

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