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Figure 17-8

question 81

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Figure 17-8. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the right-hand diagram, "Inf Rate" means "Inflation Rate."
Figure 17-8. The left-hand graph shows a short-run aggregate-supply (SRAS)  curve and two aggregate-demand (AD)  curves. On the right-hand diagram,  Inf Rate  means  Inflation Rate.       -Refer to Figure 17-8. The shift of the aggregate-supply curve from AS<sub>1</sub> to AS<sub>2</sub> A)  results in a more favorable trade-off between inflation and unemployment. B)  results in a more favorable trade-off between inflation and the growth rate of real GDP. C)  represents an adverse shock to aggregate supply. D)  represents a favorable shock to aggregate supply. Figure 17-8. The left-hand graph shows a short-run aggregate-supply (SRAS)  curve and two aggregate-demand (AD)  curves. On the right-hand diagram,  Inf Rate  means  Inflation Rate.       -Refer to Figure 17-8. The shift of the aggregate-supply curve from AS<sub>1</sub> to AS<sub>2</sub> A)  results in a more favorable trade-off between inflation and unemployment. B)  results in a more favorable trade-off between inflation and the growth rate of real GDP. C)  represents an adverse shock to aggregate supply. D)  represents a favorable shock to aggregate supply.
-Refer to Figure 17-8. The shift of the aggregate-supply curve from AS1 to AS2


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