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QUESTION 12 The following graph represents a cycle of Price level (GDP deflator, 2012-100) 133 125 121 113 110 0 Repeated increases in AD create a demand- pull inflation spiral 19.0 19.5 O Cost push inflation O Stagflation LAS SAS₂ ADo SAS SAS AD₂ AD₁ 20.0 20.5 21.0 21.5 Real GDP (trillions of 2012 dollars)

QUESTION 12 The following graph represents a cycle of Price level (GDP deflator, 2012-100) 133 125 121 113 110 0 Repeated increases in AD create a demand- pull inflation spiral 19.0 19.5 O Cost push inflation O Stagflation LAS SAS₂ ADo SAS SAS AD₂ AD₁ 20.0 20.5 21.0 21.5 Real GDP (trillions of 2012 dollars)

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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QUESTION 12 The following graph represents a cycle of Price level (GDP deflator, 2012- 100) 133 125 121 113 110 0 Repeated increases in AD create a demand- pull inflation spiral 19.0 comming QUESTION 13 19.5 O Cost push inflation O Stagflation O normal-inflation O Normal GDP growth Type here to search LAS SAS₂ ADO SAS SAS AD₂ AD₁ 20.0 20.5 21.0 21,5 Real GDP (trillions of 2012 dollars) O II H
Transcribed Image Text:QUESTION 12 The following graph represents a cycle of Price level (GDP deflator, 2012- 100) 133 125 121 113 110 0 Repeated increases in AD create a demand- pull inflation spiral 19.0 comming QUESTION 13 19.5 O Cost push inflation O Stagflation O normal-inflation O Normal GDP growth Type here to search LAS SAS₂ ADO SAS SAS AD₂ AD₁ 20.0 20.5 21.0 21,5 Real GDP (trillions of 2012 dollars) O II H
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