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I need help with this question. Consider the accompanying diagram when answering the following questions. a. Suppose that the current price level is P 2

I need help with this question.

  1. Consider the accompanying diagram when answering the following questions.

a. Suppose that the current price level is P2. Explain why the price level will decrease toward P1.

b. Suppose that the current price level is P3. Explain why the price level will rise toward P3.

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