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Please refer to the diagram below representing a hypothetical economy If the natural rate of unemployment in this economy was 5 % , and Aggregate Supply increased from AS1 to AS2 what would be a

Please refer to the diagram below representing a hypothetical economy. If the natural rate of unemployment in this economy was 5 % , and Aggregate Supply increased from AS1 to AS2, what would be a reasonable expectation of the current unemployment rate? AS1 AS2 AD1 Real GDP Full Employment Real GDP 3% e 4 % O 5 % 6 % Price level

 

Jun 01 2020 View more View Less

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