ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question 8 Price Level P P₂ P₁ LRAS Y₂ Y₁ AD₂ SRAS AD₁ Quantity of Output A shift from AD2 to AD1, would have which of the following effects in the long run? O inflation only Osome inflation and some reduction of unemployment a decline in the natural rate of unemployment a permanent increase in economic growth
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Transcribed Image Text:Question 8 Price Level P P₂ P₁ LRAS Y₂ Y₁ AD₂ SRAS AD₁ Quantity of Output A shift from AD2 to AD1, would have which of the following effects in the long run? O inflation only Osome inflation and some reduction of unemployment a decline in the natural rate of unemployment a permanent increase in economic growth
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