A Shift from LRAS₁ to LRAS₂ in Figure 17

question 19

Multiple Choice

A shift from LRAS₁ to LRAS₂ in Figure 17.6 indicates that

• A)Aggregate demand has decreased.
• B)The price level has increased.
• C)The capacity of the economy has increased.
• D)LRAS has decreased.

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Definitions:

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Regional Culture

The unique set of beliefs, customs, practices, and behaviors shared by people living in a specific geographical region.

Foot-Long Sandwiches

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