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THE NEXT TWO (2) QUESTIONS ARE BASED ON THE FOLLOWING DIAGRAM: Price | Level AD Quantity of Output 10. Starting with AD, and ASi, if

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THE NEXT TWO (2) QUESTIONS ARE BASED ON THE FOLLOWING DIAGRAM: Price | Level AD Quantity of Output 10. Starting with AD, and ASi, if Canadians decide to increase their retirement savings, the new short- run equilibrium is at point: (1) a (2 ) b (3) c (4) d Assignment 9 continues next page 9.6 @Copyright 2020 by the UBC Real Estate Division Economic Fluctuations: Balancing Aggregate Demand and Supply 11. Starting with AD, and AS1, if Canadians decide to increase their retirement savings, the new long-run equilibrium is at point: (1) a (2) b (3) c (4) d

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