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- According to the Model of the Macro Economy in Figure

Question 98

Multiple Choice

- According to the model of the macro economy in Figure 18.3,a shift from LRAS<sub>1</sub> to LRAS<sub>2</sub> will cause,ceteris paribus, A) A decrease in the level of output. B) A decrease in the price level. C) An increase in the unemployment level.
- According to the model of the macro economy in Figure 18.3,a shift from LRAS1 to LRAS2 will cause,ceteris paribus,


A) A decrease in the level of output.
B) A decrease in the price level.
C) An increase in the unemployment level.

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