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Question and explanation PL LRAS SRAS1 P1 AD1 Y1 Yf RGDP = Y At P1Y1, if taxes decrease then consumer spending will O decrease and

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Question and explanation

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PL LRAS SRAS1 P1 AD1 Y1 Yf RGDP = Y At P1Y1, if taxes decrease then consumer spending will O decrease and AD will shift right to long-run equilibrium. O decrease and AD will shift left to long-run equilibrium. O increase and AD will shift right to long-run equilibrium. O increase and AD will shift left to long-run equilibrium. O cannot be determine with information given

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