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Consider only the short run. The economy was operating at point A at end of year 1. The inflation rate was 33.33% from year 1
Consider only the short run. The economy was operating at point A at end of year 1. The inflation rate was 33.33% from year 1 to year 2. Suppose you know that aggregate demand remained the same throughout this period, what is the change in aggregate supply?
a. -10
b. 10
c. -12
d. 12
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