Question: Consider the graph at right showing the long-run aggregate supply ( LAS ) and the aggregate demand ( AD ) curves.Suppose the long-run aggregate supply
Consider the graph at right showing the long-run aggregate supply
(LAS)
and the aggregate demand
(AD)
curves.Suppose the long-run aggregate supply curve shifts to a real GDP level of
$30.
Part 2(i) Use the line drawing tool to draw and label a new long-run aggregate supply curve that illustrates this change.(ii.) Use the point plotting tool to plot and label the new equilibrium point.Note: if you are not prompted for labels, you have used the wrong tools.
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