25 If long-range aggregate supply (LRAS) shifts right, we know for certain that there hasbeena) an increase in the price level.b) a decrease in aggregate demand (AD).Oc) economic growth.d) a decrease in the price level.O e) an increase in AD.

Long run aggregate supply is the vertical line which shows that economy can't produce further the…

If long-range aggregate supply (LRAS) shifts right, we know for certain that there has been O a) an increase in the price level. O b) a decrease in aggregate demand (AD). Oc) economic growth. O d) a decrease in the price level. e) an increase in AD.

If long-range aggregate supply (LRAS) shifts right, we know for certain that there has been O a) an increase in the price level. O b) a decrease in aggregate demand (AD). Oc) economic growth. O d) a decrease in the price level. e) an increase in AD.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter23: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 7QR

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Question

If long-range aggregate supply (LRAS) shifts right, we know for certain that there has
been
a) an increase in the price level.
b) a decrease in aggregate demand (AD).
Oc) economic growth.
d) a decrease in the price level.
O e) an increase in AD.

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