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(Figure: Shifts of the AD-AS Curves) Use Figure: Shifts of the AD-AS Curves. A decrease in wages in the short run is illustrated by panel:
(Figure: Shifts of the AD-AS Curves) Use Figure: Shifts of the AD-AS Curves. A decrease in wages in the short run is illustrated by panel: Macmillan Learning Panel (b) Panel (a) Price level Price level SRAS 1 SRAS 1 P1 P2 P2 AD1 P1 AD2 AD2 AD1 Yz Y1 Real GDP Y1 Y2 Real GDP Panel (d) Panel (c) Price level Price level SRAS1 SRAS1 SRAS1 SRAS2 P2 P1 P1 P2
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
