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If long-range aggregate supply (LRAS) shifts right, we know for certain that there has been O a) an increase in the price level. O b) a decrease in aggregate demand (AD). Oc) economic growth. O d) a decrease in the price level. e) an increase in AD.

If long-range aggregate supply (LRAS) shifts right, we know for certain that there has been O a) an increase in the price level. O b) a decrease in aggregate demand (AD). Oc) economic growth. O d) a decrease in the price level. e) an increase in AD.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If long-range aggregate supply (LRAS) shifts right, we know for certain that there has been a) an increase in the price level. b) a decrease in aggregate demand (AD). Oc) economic growth. d) a decrease in the price level. O e) an increase in AD.
Transcribed Image Text:If long-range aggregate supply (LRAS) shifts right, we know for certain that there has been a) an increase in the price level. b) a decrease in aggregate demand (AD). Oc) economic growth. d) a decrease in the price level. O e) an increase in AD.
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