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Figure: AD-AS Model and the Short-Run Phillips Curve
-(Figure: AD-AS Model and the Short-Run Phillips Curve) Look at the figure AD-AS Model and the Short-Run Phillips Curve. If the central bank increases the money supply so that aggregate demand shifts from AD1 to AD2, then real GDP will increase by:
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The amount of money required to purchase something or the value that is ascribed to a good or service.
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A compact car produced by the Ford Motor Company, popular in various editions from the 1960s through the early 2000s.
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A numerical calculation representing the average value of the accumulated final grades earned in courses over time.
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An advanced level of study after completing an undergraduate degree, focusing on specialization in a specific field and often involving research.
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