Consider the Canadian economy starting at long-run equilibrium. Evaluate the following statement and identify the appropriate curve and direction as well as the short-run impact on the price level and output. The government passes new regulation requiring firms to switch to green power sources. As a result many regions are beginning to build massive wind, solar and hydro alternatives. Aggregate Demand right Aggregate Demand Left Aggregate Supply right Aggregate Supply left Long Run Aggregate Supply right Long Run Aggregate Supply left Price level Increases Price level decreases DOutput increases

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