Use the figure below to answer the following questions.
Figure 28.1.2
-Refer to Figure 28.1.2.The economy is in long-run equilibrium.If the short-run aggregate supply curve shifts leftward from SAS0 to SAS1,ceteris paribus,then people expected
A) a 10 percent inflation.
B) the price level to rise to 110.
C) the real wage rate to fall by 10 percent.
D) a real GDP decrease of $50 billion.
E) a 15 percent inflation.
Correct Answer:
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