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FIGURE 24-5 Refer to Figure 24-5

question 6

Multiple Choice

  FIGURE 24-5 Refer to Figure 24-5.The economy is not in long-run equilibrium at E<sub>1 </sub>because the A) AD<sub>1</sub> curve will shift back to AD<sub>0</sub> due to an increase in the price level. B) AD<sub>1</sub> curve will shift back to the left due to a fall in current consumption. C) AS will shift to the left due to an increase in wages. D) AS will shift to the left due to an increase in the price level. E) AS will shift to the right due to a decrease in the price level. FIGURE 24-5 Refer to Figure 24-5.The economy is not in long-run equilibrium at E1 because the


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