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6. How will the value of the following variables change compared with their original values in (2) in the long run (higher, lower, unchanged)? 1.

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6. How will the value of the following variables change compared with their original values in (2) in the long run (higher, lower, unchanged)? 1. Price level 2. Real GDP 3. Nominal Wage 4. Real WageConsider the information provided in the following graph for the Saskiand economy. 140 LAS 130 Price level (GDP deflator, 1997 = 100) SAS 120 IS 110 100 In the long run, 90 money wage rces adjusts AD O O 900 950 1,000 1,050 1,100 1,150 Real GDP (billions of 1997 dollars)

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