Consider the following AD-AS graph. An event happens and the economy goes from point A to point
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Question:
Consider the following AD-AS graph. An event happens and the economy goes from point A to point D. LRAS curve does not shift.
a.From point A to point D, does natural unemployment rate rise, fall, or remain unchanged?
[ Select ]
["
rises
", "
falls
", "
remains unchanged
"]
b.Which point is the equilibrium in long run after the event?
[ Select ]
["
A
", "
B
", "
C
", "
D
", "
E
"]
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