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AD-AS Model: Equilibrium in the Short Run and Long Run
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AD-AS Model: Equilibrium in the Short Run and Long Run
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16. Aggregate Demand and Aggregate Supply Analysis / AD-AS Model: Equilibrium in the Short Run and Long Run / Problem 7
Problem 7
Given a shift in aggregate demand to the left, how would you determine the new short run equilibrium price level and GDP?
A
Identify the new intersection point of all three curves
B
Identify the new intersection point of aggregate demand and long run aggregate supply
C
Identify the new intersection point of aggregate demand and short run aggregate supply
D
Identify the new intersection point of short run aggregate supply and long run aggregate supply
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