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Refer to the diagram given below. If aggregate supply shifts from AS1 to AS2, then the price level will:
Asbestos
A group of naturally occurring fibrous minerals used in building materials and products, known for its durability and fire resistance but also for health risks such as mesothelioma.
Benzene
A chemical compound used in manufacturing and known for its carcinogenic properties; often found in oil, gasoline, and cigarette smoke.
Resource Conservation
The practice of managing the use of natural resources wisely to ensure their availability and quality for future generations.
Recovery Act
Refers to legislative acts aimed at promoting economic recovery, such as the American Recovery and Reinvestment Act of 2009 designed to stimulate the U.S. economy during a recession.
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