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From an initial AD/SAS/LAS equilibrium with price and wage index numbers of 1.00 and an output index number of 100, suppose a new SAS curve must be drawn for a wage level of 1.03. Applying a general rule for drawing SAS curves, it goes through the
A) current AD curve at Y = 103.
B) current AD curve at P = 1.03.
C) LAS curve at Y = 103.
D) LAS curve at P = 1.03.
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Macroeconomics

Macroeconomics


Edition: 12th
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Scribs Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
acaruso
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Yesterday
Good timing, thanks!
AlahuKakpar
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2 hours ago
Thank you, thank you, thank you!
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