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The Figure Given Below Depicts the Long Run Equilibrium in an Economy

question 43

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The figure given below depicts the long run equilibrium in an economy.
Figure 14.1
The figure given below depicts the long run equilibrium in an economy. Figure 14.1    In the figure: AD<sub>1</sub> and AD<sub>2</sub>: Aggregate demand curves AS<sub>1</sub> and AS<sub>2</sub>: Aggregate supply curves -Refer to Figure 14.1. The movement from point A to point B to point C results in: A)  a constant price level and a decline in the natural rate of unemployment. B)  a rightward shift of the short-run Phillips curve. C)  a lower price level and no change in the natural rate of unemployment. D)  a movement up the short-run Phillips curve. E)  a lower price level and a decline in the natural rate of unemployment. In the figure:
AD1 and AD2: Aggregate demand curves
AS1 and AS2: Aggregate supply curves
-Refer to Figure 14.1. The movement from point A to point B to point C results in:


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