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Use the following to answer questions:
-(Figure: Monetary Policy and the AD-SRAS Model) Refer to Figure: Monetary Policy and the AD-SRAS Model.If the economy is in an inflationary gap at point h,it can move to point i as a result of:
Manufacturing Costs
Costs that are directly associated with the manufacturing of products, including raw materials, workforce expenses, and indirect costs.
Work in Process
Inventories that are currently in the production process and have not yet reached the final stage to be classified as finished goods.
Materials Costs
The costs associated with the raw materials and supplies used in the production of goods or services.
Conversion Cost
The total cost of converting raw materials into finished goods, including labor and overhead expenses.
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