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Figure 8-3 -In Figure 8-3,the Three Curves Are

question 29

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Figure 8-3 Figure 8-3   -In Figure 8-3,the three curves are: A) (1) is long-run aggregate supply, (2) is short-run aggregate supply,and (3) is aggregate demand. B) (1) is aggregate demand, (2) is short-run aggregate supply,and (3) is long-run aggregate supply. C) (1) is short-run aggregate supply, (2) is long-run aggregate supply,and (3) is aggregate demand. D) (1) is long-run aggregate supply, (2) is aggregate demand,and (3) is short-run aggregate supply.
-In Figure 8-3,the three curves are:

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Definitions:

Buyers

Individuals or entities that purchase goods or services in a market.

Tax Revenue

The income that is gained by governments through taxation, which is used to fund public services, government obligations, and infrastructure projects.

Tax

Mandatory financial charges imposed by a government on individuals, corporations, or transactions to fund public expenditures.

Good

A tangible product or service that satisfies some human desire or need, which can be bought or sold.

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