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According to the AD/AS model, which of the following is true if the 2008 financial crisis? Multiple choice question. AD would fall, wages would fall,
According to the AD/AS model, which of the following is true if the 2008 financial crisis? Multiple choice question. AD would fall, wages would fall, SRAS would increase, and the economy would be self-corrected at higher prices in the long run. AD would fall, wages would rise, SRAS would increase, and the economy would be self-corrected at lower prices in the long run. AD would fall, wages would fall, SRAS would fall, and the economy would be self-corrected at lower prices in the long run. AD would increase, wages would fall, SRAS would increase, and the economy would be self-corrected at lower prices in the long run. AD would fall, wages would fall, SRAS would increase, and the economy would be self-corrected at lower prices in the long run
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