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Refer to the Diagram Given Below

question 82

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Refer to the diagram given below. Refer to the diagram given below.   If aggregate supply shifts from AS<sub>1</sub> to AS<sub>3</sub>, then the real domestic output will: A) increase and the price level will increase. B) increase and the price level will decrease. C) decrease and the price level will increase. D) decrease and the price level will decrease. If aggregate supply shifts from AS1 to AS3, then the real domestic output will:


Definitions:

Household Income

The combined gross income of all members of a household.

Gini Ratio

A statistical measure used to represent the income or wealth distribution of a nation's residents, indicating economic inequality.

Highest Quintile

The top 20 percent segment of a population sorted by income, wealth, or another metric.

Total Income

The accumulation of all sources of revenue, including wages, salaries, interest, dividends, and other earnings.

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