ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Use the following graph to answer the next question.
Price Level
0
AS3
AS₁
AS₂
Real Domestic Output, GDP
Which of the following factors will shift AS1 to AS2?
O An increase in real interest rates
O A decrease in business subsidies
O An increase in input prices
O A decrease in business taxes.
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Transcribed Image Text:Use the following graph to answer the next question. Price Level 0 AS3 AS₁ AS₂ Real Domestic Output, GDP Which of the following factors will shift AS1 to AS2? O An increase in real interest rates O A decrease in business subsidies O An increase in input prices O A decrease in business taxes.
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