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The Figure Shown Displays Various Economic Outcomes

question 103

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The figure shown displays various economic outcomes. The figure shown displays various economic outcomes.   If the aggregate demand curve shifts from AD<sub>2</sub> to AD<sub>3</sub>, the resulting price and output in the long run would be: A)  P <sub>1</sub> and Y <sub>2</sub>. B)  P <sub>2</sub> and Y <sub>2</sub>. C)  P <sub>1</sub> and Y <sub>1</sub>. D)  P <sub>4</sub> and Y <sub>2</sub>. If the aggregate demand curve shifts from AD2 to AD3, the resulting price and output in the long run would be:


Definitions:

Unconscionable

A term used to describe an agreement or term within an agreement that is so unjust or overwhelmingly one-sided in favor of one party that it is deemed unenforceable under the law.

Revenue-Raising

The process of generating income for a government or organization, often through taxes or fees.

Licensing Law

Legal regulations governing the process and requirements for granting permissions to individuals or entities to conduct activities that are subject to regulation.

Educational Requirements

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