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Figure 33-16. Refer to Figure 33-16. Suppose the Economy Starts at P3

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Figure 33-16. Figure 33-16. Refer to Figure 33-16. Suppose the economy starts at P3 and Y2. If there is a decrease in government purchases, identify the price and output levels that the economy would move to in the short run.
Refer to Figure 33-16. Suppose the economy starts at P3 and Y2. If there is a decrease in government purchases, identify the price and output levels that the economy would move to in the short run.

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