- Price Level A A A Lras Ad Y Y Y Quantity Of Output Sras Short Run Aggregate Supply Has Decreased Short Run Aggregat 1 (34.13 KiB) Viewed 10 times
PRICE LEVEL à à à LRAS AD₁ Y, Y₂ Y₂ QUANTITY OF OUTPUT SRAS short-run aggregate supply has decreased. short-run aggregat
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PRICE LEVEL à à à LRAS AD₁ Y, Y₂ Y₂ QUANTITY OF OUTPUT SRAS short-run aggregate supply has decreased. short-run aggregat
PRICE LEVEL à à à LRAS AD₁ Y, Y₂ Y₂ QUANTITY OF OUTPUT SRAS short-run aggregate supply has decreased. short-run aggregate supply has increased. aggregate demand has increased. aggregate demand has decreased. AD AD₂ Refer to Figure 33-6. Suppose the economy starts at Z. If changes occur that move the economy to a new short-run equilibrium of P, and Y₁, then it must be the case that