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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

What is the difference between a change in the quantity supplied of Real GDP and a change in short-run aggregate supply?

To determine

Difference between changes in quantity supplied of real GDP and the change in the short-run aggregate supply (SRAS) curve.

Explanation

A change in the quantity supplied of real GDP happens because of the change in the price level, and this causes movement along the short-run aggregate supply (SRAS) curve...

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