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-Refer to the Above Figure

question 127

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  -Refer to the above figure. Assume that B is the current long-run aggregate supply (LRAS)  curve and that E is the current short-run aggregate supply (SRAS)  curve. If a new discovery of large oil fields in Florida led to an increase in the nation's productive capacities, then we could expect the LRAS curve and the SRAS curve to A)  remain B and E. B)  move to A and D. C)  move to C and F. D)  move to A and F.
-Refer to the above figure. Assume that B is the current long-run aggregate supply (LRAS) curve and that E is the current short-run aggregate supply (SRAS) curve. If a new discovery of large oil fields in Florida led to an increase in the nation's productive capacities, then we could expect the LRAS curve and the SRAS curve to

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Definitions:

Business Day

A day on which businesses are normally open for operations, excluding weekends and public holidays.

Depositor

An individual or entity that places money into a bank account for safekeeping.

Deposit

A sum of money placed in an account or given as security for a financial transaction or agreement.

Cutoff Hour

A specified deadline by which a certain action must be taken or completed.

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