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13-01-2020
Business

contestada

When an economy's output increases and the price level decreases, the _ curve has shifted to the ____.

Respuesta :

Emhicee Emhicee

14-01-2020

Answer:

AS(Aggregate supply), right.

Explanation:

Aggregate supply is the total supply of goods and services that firms plan to sell during a specific period of time.

When the output increases and the price levels of good and services decrease, the Aggregate supply curve shifts right thereby resulting in increased GDP.

Cheers.

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