Refer to Exhibit above. A movement from point A to point B on AD1 would have been the result of a. a decrease in the price level. b. an increase in the price level. c. an increase in income taxes. d. a decrease in income taxes

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Q: PRICE LEVEL (CPI) 105 104 4 103 102 + 101 100 99 98 97 95 + 8 7 O AD₁ 8 O AD2 O AD3 AD₁ Full…

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