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Figure: Determining SRAS Shifts Use the following to answer questions  Figure: Determining SRAS Shifts   -(Figure: Determining SRAS Shifts) Which statement is NOT correct? A)  Equilibrium output is $3,000 worth of goods and services. B)  An increase in aggregate demand would lead to deflation. C)  Full employment occurs when the economy produces $3,000 worth of goods and services. D)  In the short-run equilibrium,output can be greater than or less than $3,000.
-(Figure: Determining SRAS Shifts) Which statement is NOT correct?

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Definitions:

Ordered Pairs

A pair of elements arranged in a specific order, typically (x, y), representing coordinates on a Cartesian plane.

Function

A mathematical relation between a set of inputs and a set of possible outputs, where each input is related to exactly one output.

Evaluate

The process of determining the value of an algebraic expression by substituting numbers into the variables and performing the operations.

Function

A link between a group of inputs and a set of possible outputs, ensuring that every input matches precisely one output.

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