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What are the effects on the rgdp and price level

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Reference no: EM132863556

Question 1: What RGDP is the equilibrium RGDP? What will happen to RGDP if the price level is below equilibrium?

Question 2: What are the effects on the RGDP and price level when AD increases in each of the three ranges along the AS curve?

Question 3: What are the effects on the RGDP and the price level of a decrease in AS?

Question 4: How does an increase in AS affect the price level and RGDP?

Question 5: What are the effects on the RGDP and price level when AD decreases in each of the three ranges along the AS curve?

Reference no: EM132863556

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