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Figure 15-13 Price level LRAS, LRAS, SRAS SRAS, B 104 100 AD, AD, 14 15 15.5 Real GDP Refer to Figure 15-13. In the figure

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Figure 15-13 Price level LRAS, LRAS, SRAS SRAS, B 104 100 AD, AD, 14 15 15.5 Real GDP Refer to Figure 15-13. In the figure above, if the economy in Year 1 is at point A and is expected in Year 2 to be at point B, then the appropriate monetary policy by the Federal Reserve would be to O raise interest rates. O lower income taxes. O raise income taxes. O lower interest rates

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