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Refer to the diagram. Assume that nominal wages initially are set based on the price level P2 and that the economy initially is operating at

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Refer to the diagram. Assume that nominal wages initially are set based on the price level P2 and that the economy initially is operating at its full-employment level of output Qf In the short run, cost-push intlation couid best be shown as Multiple Choice a leftward shift of aggregate supply from AS2 to AS3. a move from b to c on AS2. a move from b to c to d a move from b to f to d

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