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Attempts Keep the Highest / 1 4. Nonprice-level determinants of aggregate supply The following graph shows an increase in short-run aggregate supply (SR.AS) in a

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Attempts Keep the Highest / 1 4. Nonprice-level determinants of aggregate supply The following graph shows an increase in short-run aggregate supply (SR.AS) in a hypothetical economy. Specifically, short-run aggregate supply shifts to the right from SRAS, to SR.AS2, causing the quantity of output supplied at a price level of 125 to rise from $250 billion to $350 billion. Review the graph and then complete the table that follows. (? 200 175 150 SRAS, SRAS2 125 100 PRICE LEVEL 75 50 25 50 100 150 200 250 300 350 400 REAL GDP (Billions of dollars)The following table lists several determinants of short-run aggregate supply. Complete the table by indicating the change needed in each determinant to increase short-run aggregate supply. Determinant Change Needed to Increase SRAS Burdensome Regulations Input Prices Tax Rates on Firms and CorporationsThe following table lists several determinants of short-run aggregate supply. Complete the table by indicating the change needed in each determinant to increase short-run aggregate supply. Decrease Increase Determinant Change Ne crease SRAS Burdensome Regulations Input Prices Tax Rates on Firms and CorporationsThe following table lists several determinants of short-run aggregate supply. Complete the table by indicating the change needed in each determinant to increase short-run aggregate supply. Decrease Determinant Change Ne crease SRAS Increase Burdensome Regulations Input Prices Tax Rates on Firms and CorporationsThe following table lists several determinants of short-run aggregate supply. Complete the table by indicating the change needed in each determinant to increase short-run aggregate supply. Determinant Change Ne Decrease Crease SRAS Burdensome Regulations Increase Input Prices Tax Rates on Firms and Corporations

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