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Refer to the Diagram Given Below

Question 33

Multiple Choice

Refer to the diagram given below. Refer to the diagram given below. If aggregate supply shifts from AS<sub>1</sub> to AS<sub>2</sub>, then the price level will: A) increase and real domestic output will increase. B) decrease and real domestic output will increase. C) increase and real domestic output will decrease. D) decrease and real domestic output will decrease. If aggregate supply shifts from AS1 to AS2, then the price level will:


A) increase and real domestic output will increase.
B) decrease and real domestic output will increase.
C) increase and real domestic output will decrease.
D) decrease and real domestic output will decrease.

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