According to the model of the macro economy in figure 183 a


According to the model of the macro economy in Figure 18.3, a shift from LRAS1 to LRAS2 will cause, ceteris paribus:

A decrease in the level of output.

A decrease in the price level.

An increase in the unemployment level.

An increase in government spending.

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Business Economics: According to the model of the macro economy in figure 183 a
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