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According to the Model of the Macro Economy in Figure

Question 104

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. D) An increase in government spending. 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.
D) An increase in government spending.

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