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Refer to Figure 34-4. The short-run equilibrium is defined by the given AD and SRAS curves. Which of the long-run aggregate-supply curves is consistent with
Refer to Figure 34-4. The short-run equilibrium is defined by the given AD and SRAS curves. Which of the long-run aggregate-supply curves is consistent with the economy being in a recession? a. LRAS1 b. LRAS2 c. LRAS3 d. Both LRAS1 and LRAS3
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