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Figure 16-6 Price level LRAS, LRAS, SRAS SRAS, 104 100 AD, AD, $10 11 11.3 Real GDP Refer to Figure 16-6. In the dynamic model

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Figure 16-6 Price level LRAS, LRAS, SRAS SRAS, 104 100 AD, AD, $10 11 11.3 Real GDP Refer to Figure 16-6. In the dynamic model of AD- AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, Congress and the president would most likely pursue expansionary fiscal policy. contractionary fiscal policy. O contractionary monetary policy. expansionary monetary policy

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