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Suppose the image below reflects the AD-AS model of the US in 2016. Initial equilibrium occurs Y1, P1: w The American economy reaches new equilibrium

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Suppose the image below reflects the AD-AS model of the US in 2016. Initial equilibrium occurs Y1, P1: w The American economy reaches new equilibrium in 2017 at Y2, P2. Which of the following events most likely caused this change in equilibrium? Decreased consumer wealth Increased consumer wealth An increase in regulations imposed on businesses The price of stoel, which is a component of many final goods, falls drastically in price

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