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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).

  • economy -

    Sorry, we are not privy to your text and see no diagram.

    Sra

  • economy -

    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).

  • economy -

    panel (c) only

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