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Figure 15-3 -As Shown in Figure 15-3, If People Behave According to Behave

question 86

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Figure 15-3 Figure 15-3 -As shown in Figure 15-3, if people behave according to adaptive expectations theory, an increase in the aggregate demand curve from AD<sub>1</sub> to AD<sub>2</sub> will cause A) labor to adjust nominal wages sluggishly. B) the aggregate supply curve to shift from SRAS<sub>1</sub> to SRAS<sub>2</sub> C) the price level to eventually rise from 100 to 110. D) All of the above.
-As shown in Figure 15-3, if people behave according to adaptive expectations theory, an increase in the aggregate demand curve from AD1 to AD2 will cause

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