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Aggregate Supply Kimberly

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Figure 24.7 b shows the aggregate supply curve shifting to the left, from sras 0 to sras 1, causing the equilibrium to move from e 0 to e 1. the movement from the original equilibrium of e 0 to the new equilibrium of e 1 will bring a nasty set of effects reduced gdp or recession, higher unemployment because the economy is now further away ...

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