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According to the AD-AS model, what happens when prices of output in an economy become sufficiently high causing production to exceed potential GDP? Question 60Answer

According to the AD-AS model, what happens when prices of output in an economy become sufficiently high causing production to exceed potential GDP? Question 60Answer a. Higher wages will encourage workers to produce more at high prices. b. Higher output prices will lead to a shift in the SRAS curve. c. Higher prices will lead to a shift in the AD curve. d. Hyper-intense production will be unsustainable in the long run

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