The following graph shows a decrease in aggregate supply (AS) w a hypothetical economy. Specficallc pregate supply shifts to the leh AS, to AS, causing the quantity of output suppbed at a price level of 125 to fall from $250 billion to $150

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The following graph shows a decrease in aggregate supply (AS) w a hypothetical economy. Specficallc pregate supply shifts to the leh AS, to AS, causing the quantity of output suppbed at a price level of 125 to fall from $250 billion to $150 billion PRICE LEVEL (CPI) 175 110 125 100 75 N 25 0 165 100 150 200 250 300 REAL GDP (Bilions of dollars) The following graph shows a decrease in aggregate supply (AS) w a hypothetical economy. Specficallc pregate supply shifts to the leh AS, to AS, causing the quantity of output suppbed at a price level of 125 to fall from $250 billion to $150 billion PRICE LEVEL (CPI) 175 110 125 100 75 N 25 0 165 100 150 200 250 300 REAL GDP (Bilions of dollars)

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The following table lists several determinants of aggregat... View the full answer