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level LRAS SRAS1 * AD₁ Y₁ = Real GDP potential (Figure: AD-AS Model II) Refer to Figure: AD-AS Model II. When firms decrease their investment spending, in the short run the the O LRAS; left O AD; left output O LRAS; right curve will shift to

level LRAS SRAS1 * AD₁ Y₁ = Real GDP potential (Figure: AD-AS Model II) Refer to Figure: AD-AS Model II. When firms decrease their investment spending, in the short run the the O LRAS; left O AD; left output O LRAS; right curve will shift to

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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Aggregate price level LRAS SRAS1 * AD₁ Y₁ = Real GDP potential output (Figure: AD-AS Model II) Refer to Figure: AD-AS Model II. When firms decrease their investment spending, in the short run the the OLRAS; left O AD; left O LRAS; right O AD; right curve will shift to
Transcribed Image Text:Aggregate price level LRAS SRAS1 * AD₁ Y₁ = Real GDP potential output (Figure: AD-AS Model II) Refer to Figure: AD-AS Model II. When firms decrease their investment spending, in the short run the the OLRAS; left O AD; left O LRAS; right O AD; right curve will shift to
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