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Figure: AD-AS
-(Figure: AD-AS) Refer to Figure: AD-AS. Suppose that initially the economy is at long-run equilibrium. If the government cuts taxes, _____ will shift to the _____.
A) SRAS; right
B) SRAS; left
C) AD1; right to AD2
D) AD1; left to AD3
Correct Answer:
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Q243: Use the following to answer questions:
Figure: Policy
Q244: Use the following to answer questions:
Figure: AD-AS
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Figure: AD-AS
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Figure: AD-AS
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Figure: AD-AS
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Figure: Policy
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Figure: Policy
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Figure: AD-AS
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Figure: Policy
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Figure: AD-AS
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