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Question 10 (1.00 points)
Reference: F11061
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Other things equal, a decrease in resource prices is depicted by:
a. panel (A) only.
b. panel (B) only.
c. panel (C) only
d. panels (B) and (C).
4 answers
Reference: F11061
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Other things equal, inflation is absent in:
Answer
panel (A) only.
panel (B) only.
panel (C) only
panels (A) and (C).
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Other things equal, inflation is absent in:
Answer
panel (A) only.
panel (B) only.
panel (C) only
panels (A) and (C).
panel (c) only
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