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Figure 11.3: -Using Figure 11.3,if the Equilibrium Price Level Is P1 Then

Question 106

Multiple Choice

Figure 11.3: Figure 11.3: -Using Figure 11.3,if the equilibrium price level is P<sub>1</sub> then aggregate supply is: A) AS<sub>2</sub> and the equilibrium output level is Q<sub>2</sub>. B) AS<sub>2</sub> and the equilibrium output level is Q<sub>1</sub>. C) AS<sub>1</sub> and the equilibrium output level is Q<sub>3</sub>. D) AS<sub>1</sub> and the equilibrium output level is Q<sub>2</sub>.
-Using Figure 11.3,if the equilibrium price level is P1 then aggregate supply is:


A) AS2 and the equilibrium output level is Q2.
B) AS2 and the equilibrium output level is Q1.
C) AS1 and the equilibrium output level is Q3.
D) AS1 and the equilibrium output level is Q2.

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