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Refer to the Graph Shown

Question 11

Multiple Choice

Refer to the graph shown. According to the globalized AS/AD model, which world aggregate supply curve best represents the 2000s? Refer to the graph shown. According to the globalized AS/AD model, which world aggregate supply curve best represents the 2000s? A) WAS<sub>0</sub>, and the United States had a large trade surplus. B) WAS<sub>1,</sub> and the United States had a small trade deficit. C) WAS<sub>2,</sub> and the United States had a small trade surplus. D) WAS<sub>3,</sub> and the United States had a large trade deficit.


A) WAS0, and the United States had a large trade surplus.
B) WAS1, and the United States had a small trade deficit.
C) WAS2, and the United States had a small trade surplus.
D) WAS3, and the United States had a large trade deficit.

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