Suppose the current price level in the economy is 150 and real GDP is$5t. Net exports fall by$1t. What must be true? A the price level is now more than 150 B SRAS shifts to the left (C) the price level is now less than 150 (D) SRAS shifts to the right
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Suppose the current price level in the economy is 150 and real
B SRAS shifts to the left
(C) the price level is now less than 150
(D) SRAS shifts to the right
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- As a response to the recent hike in inflation, the Bank of England has increased the repo (refinancing) rate. (a) Draw a suitable diagram to analyse the impact of this intervention on the aggregate quantity demanded in the economy for a given price level. (b) Draw an AD/AS diagram to analyse the short-run effects of the intervention on GDP and the price level in the economy.draw a AD/ AS diagram to show the effect of raising and increasing intrest, icome tax, corporate tax and government expenditure versus decreasing intrest, income tax, corporate tax and government expenditure.hello, please help, I know for sure that answer " left; decrease" is wrong
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