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Use the following to answer question 29: Figure: An Increase in Aggregate Demand Price level P3 P2 LRAS P SRAS2 SRAS AD AD Y
Use the following to answer question 29: Figure: An Increase in Aggregate Demand Price level P3 P2 LRAS P SRAS2 SRAS AD AD Y Yp Y2 Real GDP 29. (Figure: An Increase in Aggregate Demand) Because of the pressures existing at the short-run equilibrium at Y, and P2: A) the SRAS will shift to the right. B) the SRAS curve will shift to the left. C) unemployment will decrease. D) LRAS will shift to the right.
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