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Look at the figure 1. If the economy is in equilibrium at Y1 and the government does not intervene, the result will likely be: Output
Look at the figure 1. If the economy is in equilibrium at Y1 and the government does not intervene, the result will likely be: Output gap a shift of AD1 to the left. a shift of SRAS1 to SRAS2. a shift of LRAS to the left. no change in AD or SRAS
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Economics
Authors: Stephen Slavin
11th Edition
978-0078021800, 0078021804
