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Suppose that an economy begins at the short-run equilibrium shown as point A in the gure to the right, Identity Which of the other points

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Suppose that an economy begins at the short-run equilibrium shown as point A in the gure to the right, Identity Which of the other points on the diagram points B, C, D, or E could represent a new shortrun equilibrium after the described events given below take place and move the economy away from point At _ EVENT ' New Point Most workers in this nation's economy are union members. and unions have _ successfully negotiated large wage boosts. At the same time. economic conditions suddenly D worsen abroad, reducing real GDP and disposable income in other nations of the world. A run of good weather has led to unprecedented crop harvests throughout the country At the same time. the nation's central bank has signicantty pushed down the rate of growth of I] the nation's money supply, Aweakening of the value of this nation's currency in terms of other countries' currencies affects D both the SRAS curve and the AD curve\" Prlce Level Real GDP oer Year is trillions)

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