Figure 27-1
-Refer to Figure 27-1. Suppose the economy is in short-run equilibrium above potential GDP and no policy is pursued. Using the basic AD-AS model in the figure above, this would be depicted as a movement from

Question

Figure 27-1 
-Refer to Figure 27-1. Suppose the economy is in short-run equilibrium above potential GDP and no policy is pursued. Using the basic AD-AS model in the figure above, this would be depicted as a movement from

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The Answer of Figure 27-1 
-Refer to Figure 27-1. Suppose the economy is in short-run equilibrium above potential GDP and no policy is pursued. Using the basic AD-AS model in the figure above, this would be depicted as a movement from

Figure 27-1 -Refer to Figure 27-1. Suppose the Economy Is in Short-Run