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Question 32 5 pts LRAS SRAS AD > For this graph. the y-axis is labeled P and the x-axis is labeled Y. In roughly the

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Question 32 5 pts LRAS SRAS AD > For this graph. the y-axis is labeled P and the x-axis is labeled Y. In roughly the middle of the graph, there is a vertical line labeled LRAS. Where the LRAS meets the x-axis, that point is labeled Yp. Starting near the origin and rising to the right is a second line, labeled SRAS. A third line, labeled AD, starts near the middle of the top of the graph and slopes downward to the right, toward right- hand side of the graph. The AD intersects the SRAS at point A, which is to the right of the LRAS. From point A. there is a dashed horizontal line running to the y-axis, where it is labeled PA. A dashed vertical line runs from point A to the x-axis, where it is labeled YA. The above graph represents an economy in a(n) [Select ] This will result in labor market [ Select ] , putting [ Select ] pressure on wages moving the [ Select ] aggregate supply curve to the [Select ]

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