Use the figure below to answer the following questions. Figure 12.2.2 -Refer to Figure 12.2.2.The economy is in long- run equilibrium.If the short- run aggregate supply curve shifts leftward from SAS₀to SAS₁, ceteris paribus, then people expect A)a real GDP decrease of $50 billion. B)a 10 percent inflation. C)the price level to rise to 110. D)the real wage rate to fall by 10 percent. E)a 15 percent inflation.

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The Answer of Use the figure below to answer the following questions. Figure 12.2.2 -Refer to Figure 12.2.2.The economy is in long- run equilibrium.If the short- run aggregate supply curve shifts leftward from SAS₀to SAS₁, ceteris paribus, then people expect A)a real GDP decrease of $50 billion. B)a 10 percent inflation. C)the price level to rise to 110. D)the real wage rate to fall by 10 percent. E)a 15 percent inflation.

Use the Figure Below to Answer the Following Questions