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D Question 36 2.5 pts The figure given below represents the equilibrium real GDP and price level in the aggregate demand and aggregate supply mode.
D Question 36 2.5 pts The figure given below represents the equilibrium real GDP and price level in the aggregate demand and aggregate supply mode. In the figure below, AD is the aggregate demand curve; SRAS is the short-run aggregate supply curve; LRAS is the long-run aggregate supply curve. Figure 17 Price Level LRAS SRAS 2 SRAS, C D A AD1AD1 AD Real GDP (Attention: If you can't see Figure 17, please click here to download and view the image. Thank you.) L Refer to Figure 17. If the economy starts at C, an increase in taxes would move the economy from C to: O B in the short run and the long run. O B in the short run and C in the long run. O B in the short run and A in the long run. O D in the short run and A in the long run. O D in the short run and C in the long run
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