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Refer to the diagram. Suppose that aggregate demand increased from AD 1 to AD 2 . For the price level to stay constant, Multiple Choice
Refer to the diagram. Suppose that aggregate demand increased from AD1to AD2. For the price level to stay constant,
Multiple Choice
- the aggregate supply curve would have to shift rightward.
- the aggregate supply curve would have to shift leftward.
- real domestic output would have to remain constant.
- the aggregate supply curve would have to be vertical.
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