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Exhibit: AD-AS Shifts Price level, P AD Income, Output, Y Starting from long-run equilibrium at A with output equal to . and the price level

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Exhibit: AD-AS Shifts Price level, P AD Income, Output, Y Starting from long-run equilibrium at A with output equal to . and the price level equal to Pl, a demand-pull inflation would be represented by a shift from: 9 a. ADI to AD2 O b. ADI to AD3 O c. AS1 to AS2 O d. AS1 to AS3

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