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QUESTION 15 Based upon the graph below as LASO moves to LAS 1 Price level (GDP deflator, 2012 - 100) 140 130 120 110 100 90 19 1 LAS LAS SAS O Real GDP and SAS both stay the same O Real GDP increases while SAS decreases O Real GDP and SAS both decrease Real GDP and SAS both increase. SAS 20 21 Real GDP (trillions of 2012 dollars)

QUESTION 15 Based upon the graph below as LASO moves to LAS 1 Price level (GDP deflator, 2012 - 100) 140 130 120 110 100 90 19 1 LAS LAS SAS O Real GDP and SAS both stay the same O Real GDP increases while SAS decreases O Real GDP and SAS both decrease Real GDP and SAS both increase. SAS 20 21 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
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QUESTION 15 Based upon the graph below as LASO moves to LAS1 Price level (GDP deflator, 2012 - 100) 140 130 120 110 100 90 0 19 QUESTION 16 LAS Type here to search LAS, O Real GDP and SAS both stay the same O Real GDP increases while SAS decreases O Real GDP and SAS both decrease O Real GDP and SAS both increase SAS SAS₁ 20 21 Real GDP (trillions of 2012 dollars) Et C H
Transcribed Image Text:QUESTION 15 Based upon the graph below as LASO moves to LAS1 Price level (GDP deflator, 2012 - 100) 140 130 120 110 100 90 0 19 QUESTION 16 LAS Type here to search LAS, O Real GDP and SAS both stay the same O Real GDP increases while SAS decreases O Real GDP and SAS both decrease O Real GDP and SAS both increase SAS SAS₁ 20 21 Real GDP (trillions of 2012 dollars) Et C H
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