Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Out of order pictures but the questions are on the bottom and there are 4 graphs you have to choose from to match it to the statement

Transcribed Image Text:21 of 25 (14 complete) ▼
HW Score
pter 3.11
1
2
LRAS SRAS,
SRAS,
LRAS
SRAS,
SRAS2
P1
B
AD
AD
Y2Y1
Real GDP
IY1EY2
Real GDP
4.
LRAS
LRAS
SRAS
SRAS
B
P2
* *. .
P1
ct your answer(s) and then click Check Answer.
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Check
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Price level
level
近
Price level

Transcribed Image Text:End of Chapter 3.11
LRAS
LRAS
SRAS
SRAS
P2
B
P1
P1
P2
A :
AD2
YZY1
AD,
AD,
AD
Real GDP
Y1 Y2
Real GDP
a. Match the following scenarios to the appropriate graph.
i. An increase in the expected price level
ii. An increase in households' expectations of their future income
iii. A decrease
the price of an important natural resource
iv. A decrease in firms' expectations of the future profitability of investment spending
Click to select your answer(s) and then click Check Answer.
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