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Figure 22-8

question 334

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Figure 22-8. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the right-hand diagram, "Inf Rate" means "Inflation Rate." Figure 22-8. The left-hand graph shows a short-run aggregate-supply (SRAS)  curve and two aggregate-demand (AD)  curves. On the right-hand diagram,  Inf Rate  means  Inflation Rate.    -Refer to Figure 22-8. Which of the following events could explain the shift of the aggregate-supply curve from AS<sub>1</sub> to AS<sub>2</sub>? A) a reduction in firms' costs of production B) a reduction in taxes on consumers C) an increase in the price level D) an increase in the world price of oil
-Refer to Figure 22-8. Which of the following events could explain the shift of the aggregate-supply curve from AS1 to AS2?


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