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m/forms/d/e/1FAlpQLSebTiow/ Which of the following shift(s) is required to reach equilibrium?* 2 point Fig. 24-1 Output Gaps in the Short Run AS AS Price Level

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m/forms/d/e/1FAlpQLSebTiow/ Which of the following shift(s) is required to reach equilibrium?* 2 point Fig. 24-1 Output Gaps in the Short Run AS AS Price Level Price Level Po AD Recessionary AD Inflationary output gap output gap 0 Yo 0 Y Real GDP Y1 Real GDP (i) A recessionary gap, Y Y* Output Gap = Y - Y* V The supply curve to move to the right The Y1 to shift to the left of Y* The supply curve move to the left The Y1 to shift on top of Y *

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