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Suppose the economy is in short-run equilibrium where price level is 1.2 and RGDP = $10 trillion.The economy changes such that the new short-run equilibrium
Suppose the economy is in short-run equilibrium where price level is 1.2 and RGDP = $10 trillion.The economy changes such that the new short-run equilibrium occurs where price level is 0.9 and RGDP = $9 trillion.What caused this change in short-run equilibrium?
Question 6 options:
A)AD decreased
B)SAS decreased
C)AD increased
D)SAS increased
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