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-Refer to Figure 15-13

question 53

Multiple Choice

-Refer to Figure 15-13.Starting from point A,suppose a supply shock shifts the aggregate supply curve to AS<sub>2</sub>.In the short run,this will A) decrease real GDP,increase the price level,lower wages,and return the aggregate supply curve to AS<sub>1</sub> B) increase real GDP,decrease the price level,increase wages,and return the aggregate supply curve to AS<sub>1</sub> C) decrease real GDP and increase the price level D) increase real GDP and decrease the price level E) lower the full employment level of real GDP to Y<sub>2</sub>
-Refer to Figure 15-13.Starting from point A,suppose a supply shock shifts the aggregate supply curve to AS2.In the short run,this will

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