(Figure: Determining SRAS Shifts) If the government raises taxes or increases regulations, the short-run aggregate supply curve will shift from SRAS₀ to _____, and the price level will be at _____.

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The Answer of (Figure: Determining SRAS Shifts) If the government raises taxes or increases regulations, the short-run aggregate supply curve will shift from SRAS₀ to _____, and the price level will be at _____.

(Figure: Determining SRAS Shifts) If the Government Raises Taxes